Brokerages Expect Wolverine World Wide, Inc. (WWW) Will Announce Earnings of $0.37 Per Share

Brokerages predict that Wolverine World Wide, Inc. (NYSE:WWW) will announce earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Five analysts have made estimates for Wolverine World Wide’s earnings, with estimates ranging from $0.36 to $0.38. Wolverine World Wide also reported earnings per share of $0.37 in the same quarter last year. The firm is expected to announce its next earnings report on Wednesday, May 9th.

According to Zacks, analysts expect that Wolverine World Wide will report full year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.04. For the next year, analysts anticipate that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.27. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Wolverine World Wide.

How to Become a New Pot Stock Millionaire

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Wolverine World Wide had a return on equity of 16.20% and a net margin of 0.01%. The business had revenue of $578.60 million for the quarter, compared to the consensus estimate of $579.87 million. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s quarterly revenue was down 20.7% compared to the same quarter last year.

Several equities research analysts have recently weighed in on WWW shares. Stifel Nicolaus set a $34.00 price target on Wolverine World Wide and gave the stock a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Pivotal Research set a $33.00 price target on Wolverine World Wide and gave the stock a “hold” rating in a report on Thursday, February 22nd. Citigroup increased their price target on Wolverine World Wide from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, DA Davidson upgraded Wolverine World Wide from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, February 22nd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.88.

In related news, insider James D. Zwiers sold 100,600 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $29.79, for a total value of $2,996,874.00. Following the transaction, the insider now owns 190,893 shares of the company’s stock, valued at $5,686,702.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.65% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Wolverine World Wide by 50.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,883 shares of the textile maker’s stock worth $156,000 after purchasing an additional 1,646 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in Wolverine World Wide in the fourth quarter worth approximately $171,000. Community Financial Services Group LLC bought a new position in Wolverine World Wide in the fourth quarter worth approximately $212,000. Fox Run Management L.L.C. bought a new position in Wolverine World Wide in the fourth quarter worth approximately $308,000. Finally, Xact Kapitalforvaltning AB bought a new position in Wolverine World Wide in the fourth quarter worth approximately $310,000. 95.53% of the stock is currently owned by institutional investors.

WWW stock traded down $0.19 during midday trading on Tuesday, reaching $29.74. 673,749 shares of the company traded hands, compared to its average volume of 565,146. Wolverine World Wide has a 52-week low of $23.45 and a 52-week high of $33.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.97 and a quick ratio of 2.20. The company has a market cap of $2,855.31, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 2nd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.32 annualized dividend and a yield of 1.08%. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. Wolverine World Wide’s dividend payout ratio is 19.51%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Expect Wolverine World Wide, Inc. (WWW) Will Announce Earnings of $0.37 Per Share” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3341342/brokerages-expect-wolverine-world-wide-inc-www-will-announce-earnings-of-0-37-per-share.html.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, outdoor and athletic footwear and apparel, children’s footwear, industrial work boots and apparel, and uniform shoes and boots. It operates in four segments: Wolverine Outdoor & Lifestyle Group, which offers Merrell footwear and apparel, Cat footwear, Hush Puppies footwear and apparel, and Chaco footwear; Wolverine Boston Group, which offers Sperry footwear and apparel, Saucony footwear and apparel, and Keds footwear and apparel; Wolverine Heritage Group, which offers Wolverine footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and HyTest safety footwear, and Wolverine Multi-Brand Group, which offers Stride Rite footwear and apparel, and its multi-brand consumer-direct businesses.

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.

Latest News

Roche  – Research Analysts’ Weekly Ratings Updates
Roche – Research Analysts’ Weekly Ratings Updates
Traders Buy High Volume of The J.M. Smucker Call Options
Traders Buy High Volume of The J.M. Smucker Call Options
ExchangeN Hits One Day Trading Volume of $90.00
ExchangeN Hits One Day Trading Volume of $90.00
Debenhams  to Issue Dividend of GBX 0.50
Debenhams to Issue Dividend of GBX 0.50
Jefferies Group Weighs in on CNOOC Ltd’s FY2019 Earnings
Jefferies Group Weighs in on CNOOC Ltd’s FY2019 Earnings
bitGold Reaches Market Cap of $291,068.00
bitGold Reaches Market Cap of $291,068.00


Leave a Reply

© 2006-2018 Ticker Report. Google+.