Williams-Sonoma, Inc. (WSM) Updates Q4 Earnings Guidance

Williams-Sonoma, Inc. (NYSE:WSM) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.49-1.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65. The company issued revenue guidance of $1.610-1.675 billion, compared to the consensus revenue estimate of $1.63 billion.

Shares of Williams-Sonoma, Inc. (NYSE WSM) traded down $0.72 during midday trading on Thursday, hitting $50.78. The stock had a trading volume of 1,364,300 shares, compared to its average volume of 1,630,809. Williams-Sonoma, Inc. has a 1-year low of $42.68 and a 1-year high of $56.94. The company has a market cap of $4,500.00, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 23rd. The specialty retailer reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.02. Williams-Sonoma had a return on equity of 25.43% and a net margin of 5.96%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.58 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. research analysts anticipate that Williams-Sonoma, Inc. will post 3.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, October 27th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 3.07%. Williams-Sonoma’s dividend payout ratio is currently 44.96%.

WSM has been the subject of a number of analyst reports. Credit Suisse Group lowered Williams-Sonoma from a neutral rating to an underperform rating and set a $44.00 price objective for the company. in a research report on Thursday, October 12th. BidaskClub lowered Williams-Sonoma from a sell rating to a strong sell rating in a research report on Friday, July 28th. Zacks Investment Research lowered Williams-Sonoma from a buy rating to a hold rating in a research report on Friday, October 13th. Deutsche Bank AG reduced their price objective on Williams-Sonoma from $52.00 to $50.00 and set a hold rating for the company in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. restated a buy rating and set a $62.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, October 17th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. Williams-Sonoma presently has an average rating of Hold and an average target price of $52.18.

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Williams-Sonoma Company Profile

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

Earnings History and Estimates for Williams-Sonoma (NYSE:WSM)

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