Wolverine World Wide (WWW) Set to Announce Quarterly Earnings on Tuesday

Wolverine World Wide (NYSE:WWW) is scheduled to be announcing its earnings results before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Wolverine World Wide (NYSE:WWW) opened at $30.02 on Tuesday. The company has a market capitalization of $2,853.20, a price-to-earnings ratio of 50.03, a PEG ratio of 1.18 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. Wolverine World Wide has a fifty-two week low of $23.34 and a fifty-two week high of $33.82.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Wolverine World Wide’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 29th. Wolverine World Wide’s dividend payout ratio (DPR) is 40.00%.

A number of research analysts have recently commented on WWW shares. Zacks Investment Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Citigroup reaffirmed a “neutral” rating and set a $32.00 target price (up from $29.00) on shares of Wolverine World Wide in a report on Monday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 target price on shares of Wolverine World Wide in a report on Wednesday, November 8th. Pivotal Research lowered Wolverine World Wide from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Friday. Finally, TheStreet lowered Wolverine World Wide from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $27.68.

In related news, Director Joseph R. Gromek sold 18,928 shares of Wolverine World Wide stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $29.14, for a total transaction of $551,561.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.65% of the stock is owned by insiders.

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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.

Earnings History for Wolverine World Wide (NYSE:WWW)

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