Analysts Offer Predictions for Williams-Sonoma, Inc.’s Q2 2018 Earnings (WSM)

Williams-Sonoma, Inc. (NYSE:WSM) – Stock analysts at Oppenheimer Holdings reduced their Q2 2018 earnings estimates for Williams-Sonoma in a research report issued on Thursday. Oppenheimer Holdings analyst B. Nagel now forecasts that the specialty retailer will post earnings per share of $0.57 for the quarter, down from their previous forecast of $0.58. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Williams-Sonoma’s Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $1.65 EPS and FY2018 earnings at $3.53 EPS.

Other equities research analysts also recently issued research reports about the company. CIBC reiterated a “hold” rating on shares of Williams-Sonoma in a report on Friday. JPMorgan Chase & Co. increased their price target on Williams-Sonoma from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, April 3rd. Jefferies Group LLC restated a “hold” rating and issued a $54.00 price target on shares of Williams-Sonoma in a report on Thursday. Telsey Advisory Group increased their price target on Williams-Sonoma from $51.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Williams-Sonoma from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Williams-Sonoma currently has an average rating of “Hold” and a consensus target price of $56.16.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/analysts-offer-predictions-for-williams-sonoma-inc-s-q2-2018-earnings-wsm-updated-updated/862427.html.

Williams-Sonoma (NYSE:WSM) opened at 49.13 on Friday. The company has a 50-day moving average price of $52.86 and a 200-day moving average price of $51.07. The stock has a market cap of $4.27 billion, a PE ratio of 14.31 and a beta of 0.97. Williams-Sonoma has a 52 week low of $45.96 and a 52 week high of $57.40.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, May 24th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Williams-Sonoma had a return on equity of 26.59% and a net margin of 5.93%. Williams-Sonoma’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, April 28th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, April 26th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 44.18%.

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Williams-Sonoma by 3.8% in the first quarter. Creative Planning now owns 2,085 shares of the specialty retailer’s stock worth $112,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc boosted its stake in Williams-Sonoma by 11.5% in the first quarter. IFP Advisors Inc now owns 2,107 shares of the specialty retailer’s stock worth $113,000 after buying an additional 217 shares during the last quarter. First Interstate Bank boosted its stake in Williams-Sonoma by 12.5% in the first quarter. First Interstate Bank now owns 2,250 shares of the specialty retailer’s stock worth $121,000 after buying an additional 250 shares during the last quarter. Invictus RG acquired a new stake in Williams-Sonoma during the first quarter worth about $122,000. Finally, Foresters Investment Management Company Inc. acquired a new stake in Williams-Sonoma during the first quarter worth about $134,000. 98.01% of the stock is owned by institutional investors.

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.

12 Month Chart for NYSE:WSM

Receive News & Ratings for Williams-Sonoma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Decline Means Justin Verlander Could be on the Block
Tigers Decline Means Justin Verlander Could be on the Block
Miami Marlins Trade Adeiny Hechavarria to Tampa Bay
Miami Marlins Trade Adeiny Hechavarria to Tampa Bay
Baltimore Orioles Pitching Staff Continue to Fail
Baltimore Orioles Pitching Staff Continue to Fail
Cody Bellinger Continues Strong June at the Plate
Cody Bellinger Continues Strong June at the Plate
Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third


Leave a Reply

 
© 2006-2017 BBNS.