Equities analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to report $592.72 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Wolverine World Wide’s earnings. The highest sales estimate is $598.20 million and the lowest is $588.00 million. Wolverine World Wide posted sales of $729.60 million in the same quarter last year, which suggests a negative year over year growth rate of 18.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Wolverine World Wide will report full year sales of $592.72 million for the current fiscal year, with estimates ranging from $2.36 billion to $2.37 billion. For the next fiscal year, analysts expect that the business will report sales of $2.33 billion per share, with estimates ranging from $2.28 billion to $2.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $581.30 million for the quarter, compared to analyst estimates of $552.36 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Wolverine World Wide’s revenue was down 3.7% compared to the same quarter last year.

A number of brokerages recently issued reports on WWW. 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 research report on Saturday, August 12th. ValuEngine raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Piper Jaffray Companies set a $25.00 target price on shares of Wolverine World Wide and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Pivotal Research began coverage on shares of Wolverine World Wide in a research report on Thursday, October 5th. They set a “hold” rating and a $32.00 target price on the stock. Finally, Telsey Advisory Group boosted their target price on shares of Wolverine World Wide from $29.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Wolverine World Wide currently has an average rating of “Hold” and an average target price of $25.65.

In other Wolverine World Wide news, insider Michael Jeppesen sold 11,807 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $27.97, for a total value of $330,241.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph R. Gromek sold 18,928 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The disclosure for this sale can be found here. Insiders own 5.65% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. AXA acquired a new stake in shares of Wolverine World Wide in the 3rd quarter valued at $7,155,000. California Public Employees Retirement System boosted its stake in shares of Wolverine World Wide by 5.0% in the 3rd quarter. California Public Employees Retirement System now owns 201,270 shares of the textile maker’s stock valued at $5,807,000 after purchasing an additional 9,570 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Wolverine World Wide by 8.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 24,832 shares of the textile maker’s stock valued at $716,000 after purchasing an additional 1,873 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Wolverine World Wide in the 3rd quarter valued at $408,000. Finally, PEAK6 Investments L.P. boosted its stake in shares of Wolverine World Wide by 396.4% in the 3rd quarter. PEAK6 Investments L.P. now owns 13,189 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 10,532 shares in the last quarter. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

Wolverine World Wide (WWW) opened at $29.35 on Thursday. Wolverine World Wide has a 52-week low of $20.94 and a 52-week high of $29.63. The stock has a market cap of $2,794.83, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.43 and a beta of 0.96. 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 firm 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. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, December 29th. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.

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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, 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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