Wolverine World Wide Inc. (WWW) to Release Earnings on Tuesday
Wolverine World Wide Inc. (NYSE:WWW) will be releasing its Q316 earnings data on Tuesday, October 18th. Wolverine World Wide has set its FY16 guidance at $1.30-1.40 EPS.
Wolverine World Wide (NYSE:WWW) last posted its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Wolverine World Wide had a return on equity of 13.60% and a net margin of 3.81%. The firm earned $583.70 million during the quarter, compared to analysts’ expectations of $578.99 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis. On average, analysts expect Wolverine World Wide to post $1.37 EPS for the current fiscal year and $1.56 EPS for the next fiscal year.
Wolverine World Wide Inc. (NYSE:WWW) opened at 22.43 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of 22.73 and a beta of 0.76. Wolverine World Wide Inc. has a 1-year low of $14.74 and a 1-year high of $25.54. The firm has a 50-day moving average price of $23.04 and a 200-day moving average price of $20.99.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Wolverine World Wide by 211.0% in the second quarter. BlackRock Inc. now owns 21,664 shares of the company’s stock valued at $440,000 after buying an additional 14,697 shares during the period. Barclays PLC raised its position in Wolverine World Wide by 363.3% in the second quarter. Barclays PLC now owns 30,612 shares of the company’s stock valued at $622,000 after buying an additional 24,005 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Wolverine World Wide during the second quarter valued at $684,000. Profund Advisors LLC raised its position in Wolverine World Wide by 3.2% in the second quarter. Profund Advisors LLC now owns 33,705 shares of the company’s stock valued at $685,000 after buying an additional 1,042 shares during the period. Finally, Raymond James & Associates raised its position in Wolverine World Wide by 16.0% in the second quarter. Raymond James & Associates now owns 51,684 shares of the company’s stock valued at $1,050,000 after buying an additional 7,134 shares during the period. 89.69% of the stock is owned by hedge funds and other institutional investors.
WWW has been the topic of a number of research analyst reports. TheStreet raised Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. Susquehanna raised Wolverine World Wide from a “neutral” rating to a “positive” rating and raised their price objective for the company from $18.00 to $25.00 in a report on Thursday, July 7th. Zacks Investment Research downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. B. Riley reissued a “neutral” rating and set a $22.00 price objective on shares of Wolverine World Wide in a report on Wednesday, July 20th. Finally, Telsey Advisory Group raised their price objective on Wolverine World Wide from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.30.
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. The Company’s products are marketed around the world in approximately 200 countries and territories through Company-owned wholesale and consumer-direct operations, and third-party licensees and distributors.
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