Zacks: Analysts Anticipate Williams-Sonoma, Inc. (NYSE:WSM) Will Post Earnings of $1.00 Per Share

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Analysts expect Williams-Sonoma, Inc. (NYSE:WSM) to report earnings per share of $1.00 for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Williams-Sonoma’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.95. Williams-Sonoma reported earnings of $0.95 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.3%. The firm is scheduled to issue its next earnings results on Thursday, November 21st.

On average, analysts expect that Williams-Sonoma will report full-year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.69 to $5.01. For the next fiscal year, analysts forecast that the company will post earnings of $4.91 per share, with EPS estimates ranging from $4.48 to $5.10. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Williams-Sonoma.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 28th. The specialty retailer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Williams-Sonoma had a net margin of 6.07% and a return on equity of 33.89%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Williams-Sonoma from $61.00 to $67.00 and gave the company a “sector perform” rating in a report on Thursday, August 29th. Argus boosted their price target on shares of Williams-Sonoma to $73.00 and gave the company a “positive” rating in a report on Monday, July 15th. Robert W. Baird boosted their price target on shares of Williams-Sonoma from $58.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Wolfe Research assumed coverage on shares of Williams-Sonoma in a report on Tuesday, October 8th. They set a “hold” rating and a $76.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Williams-Sonoma from $55.00 to $64.00 and gave the company an “underweight” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $63.32.

WSM stock opened at $69.24 on Friday. Williams-Sonoma has a 52-week low of $45.01 and a 52-week high of $71.63. The company’s 50 day simple moving average is $67.68 and its 200-day simple moving average is $63.31. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.31 and a quick ratio of 0.31. The firm has a market capitalization of $5.39 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.51 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, October 25th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.92 annualized dividend and a yield of 2.77%. Williams-Sonoma’s dividend payout ratio is presently 43.05%.

In other Williams-Sonoma news, CEO Laura Alber sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $70.57, for a total value of $2,469,950.00. Following the transaction, the chief executive officer now owns 411,861 shares in the company, valued at approximately $29,065,030.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Alex Bellos sold 4,820 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $65.25, for a total transaction of $314,505.00. Following the completion of the transaction, the insider now owns 8,177 shares in the company, valued at approximately $533,549.25. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Psagot Investment House Ltd. bought a new stake in Williams-Sonoma in the second quarter worth approximately $25,000. Flagship Harbor Advisors LLC grew its position in Williams-Sonoma by 68.6% in the third quarter. Flagship Harbor Advisors LLC now owns 499 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 203 shares in the last quarter. CWM LLC grew its position in Williams-Sonoma by 174.2% in the third quarter. CWM LLC now owns 532 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 338 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Williams-Sonoma in the second quarter worth approximately $43,000. Finally, Marshall Wace North America L.P. bought a new stake in Williams-Sonoma in the first quarter worth approximately $56,000.

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 and Estimates for Williams-Sonoma (NYSE:WSM)

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