Analysts Expect Wolverine World Wide, Inc. (NYSE:WWW) to Post $0.63 EPS

Analysts expect that Wolverine World Wide, Inc. (NYSE:WWW) will report $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Wolverine World Wide’s earnings. Wolverine World Wide reported earnings of $0.62 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Wolverine World Wide will report full year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.29. For the next financial year, analysts forecast that the business will report earnings of $2.51 per share, with EPS estimates ranging from $2.46 to $2.60. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $568.60 million during the quarter, compared to analysts’ expectations of $575.24 million. Wolverine World Wide had a return on equity of 21.21% and a net margin of 8.02%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS.



Several analysts have commented on the company. Telsey Advisory Group restated a “market perform” rating and issued a $34.00 price target (down previously from $38.00) on shares of Wolverine World Wide in a report on Monday, August 5th. Pivotal Research restated a “hold” rating and issued a $30.00 price target (down previously from $34.00) on shares of Wolverine World Wide in a report on Friday, August 2nd. Finally, Stifel Nicolaus set a $36.00 price target on Wolverine World Wide and gave the company a “buy” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.80.

Institutional investors and hedge funds have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $4,414,000. Magnetar Financial LLC grew its holdings in shares of Wolverine World Wide by 7.5% during the 2nd quarter. Magnetar Financial LLC now owns 29,474 shares of the textile maker’s stock worth $812,000 after purchasing an additional 2,056 shares during the period. BRYN MAWR TRUST Co grew its holdings in shares of Wolverine World Wide by 5.1% during the 2nd quarter. BRYN MAWR TRUST Co now owns 215,201 shares of the textile maker’s stock worth $5,926,000 after purchasing an additional 10,526 shares during the period. BMT Investment Advisors grew its holdings in shares of Wolverine World Wide by 6.0% during the 2nd quarter. BMT Investment Advisors now owns 65,192 shares of the textile maker’s stock worth $1,795,000 after purchasing an additional 3,700 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Wolverine World Wide during the 2nd quarter worth about $37,021,000. Institutional investors own 92.68% of the company’s stock.

WWW traded up $0.56 during midday trading on Friday, hitting $28.23. The company’s stock had a trading volume of 1,034,700 shares, compared to its average volume of 785,975. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.36 billion, a P/E ratio of 13.01, a PEG ratio of 0.82 and a beta of 1.07. The firm has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $30.03. Wolverine World Wide has a 52-week low of $23.05 and a 52-week high of $39.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, September 30th. Wolverine World Wide’s dividend payout ratio (DPR) is 18.43%.

Wolverine World Wide announced that its board has approved a stock repurchase plan on Wednesday, September 11th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the textile maker to reacquire up to 17.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Wolverine World Wide

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

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