Wolverine World Wide (WWW) Scheduled to Post Earnings on Tuesday
Wolverine World Wide (NYSE:WWW) will be posting its Q313 quarterly earnings results on Tuesday, October 8th. Analysts expect Wolverine World Wide to post earnings of $1.02 per share and revenue of $712.31 million for the quarter. Wolverine World Wide has set its FY13 guidance at $2.60-2.75 EPS.
Wolverine World Wide (NYSE:WWW) last released its earnings data on Tuesday, July 9th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. The company had revenue of $587.80 million for the quarter, compared to the consensus estimate of $591.03 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 88.0% on a year-over-year basis.
Shares of Wolverine World Wide (NYSE:WWW) opened at 58.59 on Monday. Wolverine World Wide has a one year low of $38.39 and a one year high of $60.35. The stock has a 50-day moving average of $56.84 and a 200-day moving average of $52.98. The company has a market cap of $2.942 billion and a P/E ratio of 38.41.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Wolverine World Wide from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. On the ratings front, analysts at Zacks downgraded shares of Wolverine World Wide from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $61.40 price target on the stock. Finally, analysts at Brean Capital initiated coverage on shares of Wolverine World Wide in a research note to investors on Monday, August 26th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.18.
Wolverine World Wide, Inc is a designer, manufacturer and marketer of a range of casual footwear and apparel, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots.
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