Equities research analysts forecast that Wolverine World Wide, Inc. (NYSE:WWW) will post earnings of $0.29 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Wolverine World Wide’s earnings, with estimates ranging from $0.28 to $0.31. Wolverine World Wide reported earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The company is scheduled to issue its next earnings report on Tuesday, July 25th.

According to Zacks, analysts expect that Wolverine World Wide will report full year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.53 to $1.58. For the next financial year, analysts expect that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.72 to $1.95. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, May 10th. The textile maker reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. The business had revenue of $591.30 million for the quarter, compared to analysts’ expectations of $557.53 million. Wolverine World Wide had a net margin of 3.47% and a return on equity of 14.14%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share.

Several research firms have commented on WWW. Wedbush increased their price objective on shares of Wolverine World Wide from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. BidaskClub lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Telsey Advisory Group increased their price objective on shares of Wolverine World Wide from $26.00 to $29.00 and gave the company a “market perform” rating in a research report on Thursday, May 11th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $24.00 price objective on shares of Wolverine World Wide in a research 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 given a buy rating to the company’s stock. Wolverine World Wide presently has a consensus rating of “Hold” and an average target price of $23.57.

Several large investors have recently made changes to their positions in the stock. Ronna Sue Cohen increased its position in Wolverine World Wide by 0.3% in the second quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock valued at $234,000 after buying an additional 21 shares in the last quarter. Bank of Montreal Can increased its position in Wolverine World Wide by 1.3% in the second quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock worth $138,000 after buying an additional 64 shares during the period. Louisiana State Employees Retirement System increased its position in Wolverine World Wide by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock worth $1,106,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Wolverine World Wide by 1.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock worth $640,000 after buying an additional 360 shares during the period. Finally, Aviance Capital Partners LLC increased its position in Wolverine World Wide by 3.3% in the second quarter. Aviance Capital Partners LLC now owns 17,043 shares of the textile maker’s stock worth $477,000 after buying an additional 548 shares during the period. 92.86% of the stock is currently owned by institutional investors and hedge funds.

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Wolverine World Wide (NYSE:WWW) opened at 27.79 on Thursday. The company has a market cap of $2.69 billion, a PE ratio of 31.54 and a beta of 0.94. The stock’s 50 day moving average is $27.00 and its 200-day moving average is $25.04. Wolverine World Wide has a 52-week low of $20.58 and a 52-week high of $28.23.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 3rd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, June 29th. Wolverine World Wide’s dividend payout ratio is currently 27.27%.

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

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