Williams-Sonoma, Inc. (NYSE:WSM) Expected to Post Quarterly Sales of $1.31 Billion
Analysts expect that Williams-Sonoma, Inc. (NYSE:WSM) will announce $1.31 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Williams-Sonoma’s earnings. The highest sales estimate is $1.34 billion and the lowest is $1.28 billion. Williams-Sonoma reported sales of $1.28 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is scheduled to announce its next earnings results on Wednesday, August 28th.
On average, analysts expect that Williams-Sonoma will report full year sales of $5.76 billion for the current financial year, with estimates ranging from $5.70 billion to $5.82 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.88 billion, with estimates ranging from $5.82 billion to $6.02 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Williams-Sonoma.
Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. Williams-Sonoma had a return on equity of 33.75% and a net margin of 5.98%. Williams-Sonoma’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS.
In other news, Director Sabrina Simmons sold 1,750 shares of Williams-Sonoma stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $60.08, for a total value of $105,140.00. Following the completion of the transaction, the director now directly owns 10,915 shares of the company’s stock, valued at approximately $655,773.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of Williams-Sonoma in the 1st quarter worth about $28,000. Oregon Public Employees Retirement Fund increased its position in Williams-Sonoma by 5,231.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,617,629 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 1,587,286 shares in the last quarter. Pinnacle Bank bought a new stake in Williams-Sonoma in the 4th quarter valued at about $36,000. Fifth Third Bancorp increased its position in Williams-Sonoma by 79.6% in the 1st quarter. Fifth Third Bancorp now owns 810 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 359 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in Williams-Sonoma in the 1st quarter valued at about $55,000.
WSM traded up $0.07 during midday trading on Wednesday, hitting $58.45. 1,104,044 shares of the company were exchanged, compared to its average volume of 1,615,024. The company has a market capitalization of $4.59 billion, a PE ratio of 13.11, a PEG ratio of 1.68 and a beta of 0.82. Williams-Sonoma has a 1-year low of $45.01 and a 1-year high of $73.99. The company has a current ratio of 1.33, a quick ratio of 0.30 and a debt-to-equity ratio of 1.28.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, April 26th were given a $0.48 dividend. The ex-dividend date was Thursday, April 25th. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 3.28%. Williams-Sonoma’s dividend payout ratio (DPR) is 43.05%.
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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