Brokerages predict that Wolverine World Wide, Inc. (NYSE:WWW) will report earnings of $0.41 per share for the current quarter, Zacks reports. Five analysts have made estimates for Wolverine World Wide’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.43. Wolverine World Wide reported earnings per share of $0.21 during the same quarter last year, which suggests a positive year over year growth rate of 95.2%. The company is expected to issue its next earnings report on Thursday, February 24th.
On average, analysts expect that Wolverine World Wide will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.12. For the next fiscal year, analysts forecast that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.40 to $2.71. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, November 10th. The textile maker reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Wolverine World Wide had a positive return on equity of 25.38% and a negative net margin of 3.85%. The company had revenue of $636.70 million for the quarter, compared to analysts’ expectations of $654.14 million. During the same quarter last year, the business earned $0.35 earnings per share.
In related news, VP Amy M. Klimek sold 3,000 shares of the stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $34.04, for a total value of $102,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Blake W. Krueger sold 709 shares of the firm’s stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $38.01, for a total value of $26,949.09. The disclosure for this sale can be found here. Insiders sold 31,078 shares of company stock valued at $1,072,304 in the last ninety days. 4.73% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in Wolverine World Wide by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,770 shares of the textile maker’s stock worth $411,000 after buying an additional 264 shares during the period. CIBC Asset Management Inc lifted its holdings in Wolverine World Wide by 4.7% during the 3rd quarter. CIBC Asset Management Inc now owns 7,267 shares of the textile maker’s stock worth $217,000 after buying an additional 328 shares during the period. Advisor Group Holdings Inc. lifted its holdings in Wolverine World Wide by 2.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 16,607 shares of the textile maker’s stock worth $495,000 after buying an additional 330 shares during the period. LPL Financial LLC lifted its holdings in Wolverine World Wide by 4.8% during the 2nd quarter. LPL Financial LLC now owns 7,742 shares of the textile maker’s stock worth $260,000 after buying an additional 355 shares during the period. Finally, First Republic Investment Management Inc. raised its position in shares of Wolverine World Wide by 5.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 8,475 shares of the textile maker’s stock worth $253,000 after acquiring an additional 442 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:WWW opened at $26.32 on Wednesday. The firm has a 50 day moving average of $30.77 and a 200-day moving average of $32.64. Wolverine World Wide has a 12 month low of $25.26 and a 12 month high of $44.74. The company has a current ratio of 1.18, a quick ratio of 0.69 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $2.17 billion, a PE ratio of -23.50, a PEG ratio of 1.03 and a beta of 1.82.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Monday, January 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, December 31st. Wolverine World Wide’s payout ratio is -35.71%.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc engages in the design, manufacture and sale of branded casual, active lifestyle, work, outdoor sport, athletic, children’s and uniform footwear and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell footwear and apparel, Cat footwear, Wolverine footwear and apparel, Chaco footwear, Hush Puppies footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and Hytest safety footwear.
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