Equities analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to report sales of $551.54 million for the current quarter, according to Zacks. Five analysts have made estimates for Wolverine World Wide’s earnings, with the highest sales estimate coming in at $555.10 million and the lowest estimate coming in at $548.50 million. Wolverine World Wide reported sales of $603.70 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.6%. The firm is expected to issue its next earnings report on Tuesday, October 31st.

According to Zacks, analysts expect that Wolverine World Wide will report full year sales of $551.54 million for the current fiscal year, with estimates ranging from $2.34 billion to $2.37 billion. For the next year, analysts expect that the firm will post sales of $2.32 billion per share, with estimates ranging from $2.27 billion to $2.37 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.14. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $573.78 million. During the same quarter last year, the company posted $0.26 EPS. Wolverine World Wide’s revenue for the quarter was up 2.6% on a year-over-year basis.

A number of research analysts have issued reports on the company. KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. Pivotal Research assumed coverage on Wolverine World Wide in a research note on Thursday, October 5th. They issued a “hold” rating and a $32.00 target price for the company. Morgan Stanley boosted their target price on Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a research note on Monday, September 25th. Robert W. Baird reissued a “buy” rating and issued a $32.00 target price on shares of Wolverine World Wide in a research note on Sunday, September 17th. Finally, ValuEngine cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.06.

Wolverine World Wide (NYSE WWW) traded down 3.03% during trading on Monday, hitting $28.46. The company had a trading volume of 231,950 shares. The firm has a 50-day moving average of $28.14 and a 200 day moving average of $26.65. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 33.44 and a beta of 0.98. Wolverine World Wide has a 12-month low of $20.79 and a 12-month high of $29.62.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be issued a $0.06 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. Wolverine World Wide’s dividend payout ratio (DPR) is 28.24%.

TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/30/551-54-million-in-sales-expected-for-wolverine-world-wide-inc-www-this-quarter.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ronna Sue Cohen raised its holdings in Wolverine World Wide by 0.3% during the second quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock worth $234,000 after acquiring an additional 21 shares in the last quarter. Bank of Montreal Can raised its holdings in Wolverine World Wide by 1.3% during the second quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock worth $138,000 after acquiring an additional 64 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Wolverine World Wide by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock worth $1,106,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank raised its holdings in Wolverine World Wide by 1.9% during the second quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock worth $373,000 after acquiring an additional 246 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Wolverine World Wide by 1.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock worth $640,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.

About Wolverine World Wide

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.