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

On average, 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 firm will post sales of $2.33 billion per share, with estimates ranging from $2.28 billion to $2.42 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $581.30 million for the quarter, compared to the consensus estimate of $552.36 million. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share.

WWW has been the topic of several recent analyst reports. Morgan Stanley increased their price objective 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. Pivotal Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price target for the stock from $32.00 to $33.00 in a research note on Wednesday, November 8th. Piper Jaffray Companies reissued a “hold” rating and issued a $25.00 price target on shares of Wolverine World Wide in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a research note on Wednesday, October 11th. Finally, TheStreet downgraded shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.25.

In related news, Director Joseph R. Gromek sold 18,928 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $29.14, for a total transaction of $551,561.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of the firm’s stock in a transaction dated 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. Company insiders own 5.65% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Wolverine World Wide by 2.6% during the second quarter. Vanguard Group Inc. now owns 8,791,948 shares of the textile maker’s stock worth $246,262,000 after purchasing an additional 221,866 shares during the last quarter. Victory Capital Management Inc. increased its position in Wolverine World Wide by 22.1% during the third quarter. Victory Capital Management Inc. now owns 2,903,558 shares of the textile maker’s stock worth $83,768,000 after purchasing an additional 525,150 shares during the last quarter. State Street Corp increased its position in Wolverine World Wide by 2.9% during the second quarter. State Street Corp now owns 2,382,061 shares of the textile maker’s stock worth $66,719,000 after purchasing an additional 67,591 shares during the last quarter. FMR LLC increased its position in Wolverine World Wide by 21.7% during the second quarter. FMR LLC now owns 2,357,199 shares of the textile maker’s stock worth $66,025,000 after purchasing an additional 420,194 shares during the last quarter. Finally, Northern Trust Corp increased its position in Wolverine World Wide by 5.7% during the second quarter. Northern Trust Corp now owns 2,009,729 shares of the textile maker’s stock worth $56,293,000 after purchasing an additional 107,517 shares during the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

Wolverine World Wide (NYSE:WWW) traded down $0.03 on Monday, reaching $31.31. 326,400 shares of the company’s stock traded hands, compared to its average volume of 785,209. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2,998.63, a P/E ratio of 52.18, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. Wolverine World Wide has a fifty-two week low of $20.94 and a fifty-two week high of $31.54.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, December 29th. 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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