Wolverine World Wide (NYSE:WWW) issued its earnings results on Thursday. The textile maker reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.05, Briefing.com reports. The business had revenue of $574.30 million during the quarter, compared to analysts’ expectations of $575.97 million. Wolverine World Wide had a return on equity of 21.21% and a net margin of 8.02%. Wolverine World Wide’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. Wolverine World Wide updated its FY19 guidance to $2.25 EPS.
WWW traded up $1.87 during trading on Friday, reaching $33.49. 1,669,417 shares of the stock traded hands, compared to its average volume of 772,080. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 15.43 and a beta of 1.06. Wolverine World Wide has a fifty-two week low of $23.05 and a fifty-two week high of $39.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.25 and a quick ratio of 0.70. The stock’s 50-day simple moving average is $28.74 and its two-hundred day simple moving average is $28.51.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. Wolverine World Wide’s payout ratio is 18.43%.
WWW has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $34.00 target price (down previously from $38.00) on shares of Wolverine World Wide in a research report on Monday, August 5th. DA Davidson reaffirmed a “buy” rating on shares of Wolverine World Wide in a research report on Monday, November 4th. Pivotal Research raised their target price on Wolverine World Wide from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday. Wedbush reissued an “outperform” rating on shares of Wolverine World Wide in a research report on Tuesday, October 1st. Finally, ValuEngine raised Wolverine World Wide from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $36.60.
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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