Williams-Sonoma (WSM) Issues Earnings Results
Williams-Sonoma (NYSE:WSM) announced its earnings results on Tuesday. The specialty retailer reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.07, RTT News reports. Williams-Sonoma had a net margin of 5.94% and a return on equity of 25.45%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis.
Shares of Williams-Sonoma (NYSE WSM) traded up $0.96 during trading hours on Wednesday, hitting $53.70. 4,398,792 shares of the company were exchanged, compared to its average volume of 1,599,846. Williams-Sonoma has a 12-month low of $42.68 and a 12-month high of $55.89. The company has a market capitalization of $4,381.32, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, April 27th will be given a dividend of $0.43 per share. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.20%. Williams-Sonoma’s dividend payout ratio is currently 44.19%.
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.
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