Equities analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to post $592.72 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Wolverine World Wide’s earnings, with the lowest sales estimate coming in at $588.00 million and the highest estimate coming in at $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 company is expected to announce its next quarterly earnings results 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 year, with estimates ranging from $2.36 billion to $2.37 billion. For the next fiscal year, analysts anticipate 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 a mean average based on a survey of sell-side research analysts that follow Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Wolverine World Wide had a return on equity of 15.25% and a net margin of 2.35%. The company had revenue of $581.30 million for the quarter, compared to the consensus estimate of $552.36 million. During the same quarter in the previous year, the business earned $0.49 EPS. Wolverine World Wide’s revenue was down 3.7% compared to the same quarter last year.
In other Wolverine World Wide news, Director Joseph R. Gromek sold 18,928 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $29.14, for a total value of $551,561.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Jeppesen sold 11,807 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total value of $330,241.79. The disclosure for this sale can be found here. Corporate insiders own 5.65% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Community Financial Services Group LLC bought a new position in shares of Wolverine World Wide during the 4th quarter valued at about $212,000. Miles Capital Inc. bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at about $222,000. Advisory Services Network LLC boosted its holdings 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 valued at $234,000 after purchasing an additional 421 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at about $246,000. Finally, Shelton Capital Management bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at about $265,000. 92.48% of the stock is owned by institutional investors and hedge funds.
Wolverine World Wide (NYSE:WWW) opened at $33.58 on Friday. Wolverine World Wide has a twelve month low of $20.94 and a twelve month high of $33.77. 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 firm has a market capitalization of $3,147.90, a P/E ratio of 55.97, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95.
The business also recently disclosed 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. The ex-dividend date is Friday, December 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.71%. Wolverine World Wide’s dividend payout ratio (DPR) is 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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