Wall Street analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to report earnings of $0.41 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Wolverine World Wide’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.39. Wolverine World Wide posted earnings of $0.21 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 95.2%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 24th.
According to Zacks, 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 year, analysts anticipate that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.40 to $2.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, November 10th. The textile maker reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $636.70 million during the quarter, compared to analyst estimates of $654.14 million. Wolverine World Wide had a positive return on equity of 25.38% and a negative net margin of 3.85%. During the same quarter in the prior year, the company posted $0.35 EPS.
In related news, CFO Michael D. Stornant sold 20,686 shares of Wolverine World Wide stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $34.35, for a total value of $710,564.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Blake W. Krueger sold 709 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The shares were 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 have sold 31,078 shares of company stock worth $1,072,304 over the last quarter. 4.73% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WWW. US Asset Management LLC bought a new position in Wolverine World Wide during the third quarter valued at $69,000. Parisi Gray Wealth Management bought a new position in Wolverine World Wide during the 2nd quarter valued at about $79,000. Dark Forest Capital Management LP purchased a new stake in Wolverine World Wide in the 3rd quarter worth about $84,000. Alpha Paradigm Partners LLC bought a new stake in Wolverine World Wide in the second quarter worth about $108,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Wolverine World Wide during the third quarter valued at approximately $145,000. Institutional investors own 95.45% of the company’s stock.
Shares of WWW stock opened at $26.32 on Wednesday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -23.50, a PEG ratio of 1.03 and a beta of 1.82. The stock has a fifty day moving average of $30.77 and a 200 day moving average of $32.64. Wolverine World Wide has a 52 week low of $25.26 and a 52 week high of $44.74. The company has a quick ratio of 0.69, a current ratio of 1.18 and a debt-to-equity ratio of 1.10.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Monday, January 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. Wolverine World Wide’s dividend payout ratio (DPR) 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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