Analysts expect that Wolverine World Wide, Inc. (NYSE:WWW) will post earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Wolverine World Wide’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.61. Wolverine World Wide posted earnings per share of $0.54 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Wolverine World Wide will report full-year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.33. For the next fiscal year, analysts forecast that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.57. Zacks’ EPS calculations 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 earnings results on Thursday, May 9th. The textile maker reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Wolverine World Wide had a net margin of 8.70% and a return on equity of 20.97%. The firm had revenue of $523.40 million during the quarter, compared to the consensus estimate of $535.82 million. During the same period in the prior year, the firm earned $0.50 EPS. The company’s revenue was down 2.0% compared to the same quarter last year.
In related news, VP Amy M. Klimek sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $35.60, for a total value of $267,000.00. Following the completion of the transaction, the vice president now directly owns 30,585 shares of the company’s stock, valued at approximately $1,088,826. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Jeppesen sold 38,441 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $35.72, for a total transaction of $1,373,112.52. Following the completion of the transaction, the insider now directly owns 67,177 shares of the company’s stock, valued at $2,399,562.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,349 shares of company stock valued at $2,589,072. 4.93% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Wolverine World Wide in the 4th quarter valued at $40,369,000. Oregon Public Employees Retirement Fund bought a new position in Wolverine World Wide in the 4th quarter valued at $36,000. Westfield Capital Management Co. LP bought a new position in Wolverine World Wide in the 4th quarter valued at $23,779,000. Atlanta Capital Management Co. L L C boosted its holdings in Wolverine World Wide by 34.6% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 1,227,936 shares of the textile maker’s stock valued at $39,159,000 after purchasing an additional 315,396 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Wolverine World Wide by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 9,194,960 shares of the textile maker’s stock valued at $359,064,000 after purchasing an additional 187,384 shares during the period. 95.73% of the stock is owned by institutional investors.
Shares of Wolverine World Wide stock traded down $1.69 on Monday, reaching $29.67. 1,053,100 shares of the company traded hands, compared to its average volume of 698,279. Wolverine World Wide has a 52 week low of $29.60 and a 52 week high of $39.77. The company has a market capitalization of $2.86 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.38 and a beta of 0.96. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, June 28th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 18.43%.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
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