Williams-Sonoma (WSM) Posts Earnings Results, Beats Expectations By $0.12 EPS

Williams-Sonoma (NYSE:WSM) announced its quarterly earnings results on Thursday. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.12, RTT News reports. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Williams-Sonoma had a net margin of 5.88% and a return on equity of 32.48%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 EPS. Williams-Sonoma updated its FY 2019 guidance to $4.55-4.75 EPS and its FY20 guidance to $4.55-$4.75 EPS.

Shares of NYSE:WSM traded up $0.46 during mid-day trading on Thursday, reaching $51.59. 3,881,800 shares of the company were exchanged, compared to its average volume of 1,564,121. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 1.58. The stock has a market capitalization of $4.12 billion, a P/E ratio of 11.57, a PEG ratio of 1.59 and a beta of 0.93. Williams-Sonoma has a 1 year low of $45.01 and a 1 year high of $73.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, April 26th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.72%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.43. Williams-Sonoma’s dividend payout ratio (DPR) is presently 43.05%.

A number of brokerages have recently issued reports on WSM. Zacks Investment Research downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Berenberg Bank began coverage on shares of Williams-Sonoma in a report on Thursday, May 9th. They set a “hold” rating and a $61.00 price target for the company. Evercore ISI began coverage on shares of Williams-Sonoma in a report on Wednesday, March 20th. They set an “in-line” rating and a $60.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of Williams-Sonoma from $55.00 to $54.00 and set an “underweight” rating for the company in a report on Monday, March 18th. Finally, William Blair restated a “market perform” rating on shares of Williams-Sonoma in a report on Thursday, March 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. Williams-Sonoma has a consensus rating of “Hold” and a consensus price target of $59.88.

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Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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Earnings History for Williams-Sonoma (NYSE:WSM)

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