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%.

A number of analysts have commented on WSM shares. Zacks Investment Research cut shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Goldman Sachs Group cut shares of Williams-Sonoma from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. cut shares of Williams-Sonoma from an “overweight” rating to an “underweight” rating and set a $46.00 price objective for the company. in a research note on Friday, November 17th. Bank of America reduced their price objective on shares of Williams-Sonoma from $40.00 to $38.00 and set an “underperform” rating for the company in a research note on Friday, November 17th. Finally, Morgan Stanley initiated coverage on shares of Williams-Sonoma in a research note on Friday, November 17th. They issued a “hold” rating and a $48.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and three have given a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus price target of $51.20.

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About Williams-Sonoma

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 for Williams-Sonoma (NYSE:WSM)

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