Analysts forecast that Wolverine World Wide, Inc. (NYSE:WWW) will post earnings of $0.41 per share for the current quarter, Zacks reports. Five analysts have made estimates for Wolverine World Wide’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.40. Wolverine World Wide reported earnings per share of $0.33 during the same quarter last year, which suggests a positive year over year growth rate of 24.2%. The business is scheduled to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that Wolverine World Wide will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.62 to $1.65. For the next fiscal year, analysts anticipate that the business will report earnings of $1.86 per share, with EPS estimates ranging from $1.84 to $1.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million for the quarter, compared to analysts’ expectations of $552.36 million. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis.

WWW has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $25.00 target price on shares of Wolverine World Wide and gave the company a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, August 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $32.00 target price on shares of Wolverine World Wide in a report on Sunday, September 17th. Finally, Morgan Stanley upped their target price on shares of Wolverine World Wide from $22.50 to $24.50 and gave the company an “equal weight” rating in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Wolverine World Wide presently has a consensus rating of “Hold” and a consensus price target of $25.65.

In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.14, for a total value of $551,561.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Jeppesen sold 11,807 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total transaction of $330,241.79. The disclosure for this sale can be found here. 5.65% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Bank of Montreal Can grew its position in shares of Wolverine World Wide by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock worth $138,000 after purchasing an additional 64 shares in the last quarter. Amalgamated Bank grew its position in shares of Wolverine World Wide by 1.9% during the 2nd quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock worth $373,000 after purchasing an additional 246 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Wolverine World Wide by 1.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock worth $640,000 after purchasing an additional 360 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Wolverine World Wide by 5.3% during the 2nd quarter. Advisory Services Network LLC now owns 8,336 shares of the textile maker’s stock worth $234,000 after purchasing an additional 421 shares in the last quarter. Finally, Stephens Inc. AR grew its position in shares of Wolverine World Wide by 1.0% during the 2nd quarter. Stephens Inc. AR now owns 47,112 shares of the textile maker’s stock worth $1,320,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 92.50% of the company’s stock.

Shares of Wolverine World Wide (NYSE WWW) traded down $0.64 during mid-day trading on Tuesday, hitting $28.57. 791,810 shares of the stock were exchanged, compared to its average volume of 780,524. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.06 and a current ratio of 3.09. The company has a market cap of $2,761.34, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. Wolverine World Wide has a 12 month low of $20.94 and a 12 month high of $29.63.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.84%. Wolverine World Wide’s dividend payout ratio is currently 40.00%.

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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.

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

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