Wolverine World Wide, Inc. (NYSE:WWW) Scheduled to Post Quarterly Earnings on Monday
Wolverine World Wide, Inc. (NYSE:WWW) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Wolverine World Wide has set its FY17 guidance at $1.50-1.60 EPS.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Wolverine World Wide had a return on equity of 14.14% and a net margin of 3.47%. The company had revenue of $591.30 million during the quarter, compared to the consensus estimate of $557.53 million. During the same period in the previous year, the company posted $0.29 earnings per share. Wolverine World Wide’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect Wolverine World Wide to post $1.56 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
Wolverine World Wide, Inc. (WWW) opened at 27.32 on Monday. The firm has a 50-day moving average price of $26.00 and a 200-day moving average price of $24.40. The firm has a market capitalization of $2.65 billion, a P/E ratio of 31.01 and a beta of 0.94. Wolverine World Wide, Inc. has a one year low of $20.58 and a one year high of $28.23.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.88%. Wolverine World Wide’s dividend payout ratio is currently 27.27%.
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Several research firms have recently commented on WWW. Wedbush raised their price target on Wolverine World Wide from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Zacks Investment Research cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Telsey Advisory Group raised their price target on Wolverine World Wide from $26.00 to $29.00 and gave the company a “market perform” rating in a report on Thursday, May 11th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $24.00 price target on shares of Wolverine World Wide in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.57.
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, Chaco footwear, and Sebago footwear and apparel; 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.
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