$0.57 EPS Expected for Wolverine World Wide, Inc. (WWW) This Quarter

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.



A number of research firms have recently weighed in on WWW. Zacks Investment Research raised shares of Wolverine World Wide from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. ValuEngine downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 target price (up from $35.00) on shares of Wolverine World Wide in a research report on Tuesday, February 19th. Wedbush reissued an “outperform” rating and set a $41.00 target price on shares of Wolverine World Wide in a research report on Thursday, February 7th. Finally, DA Davidson set a $40.00 target price on shares of Wolverine World Wide and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $40.00.

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.

See Also: What is a Fibonacci Channel?

Get a free copy of the Zacks research report on Wolverine World Wide (WWW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.