Analysts Anticipate Wolverine World Wide, Inc. (WWW) to Post $0.56 Earnings Per Share
Equities analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to report earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Wolverine World Wide’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.53. Wolverine World Wide reported earnings of $0.43 per share in the same quarter last year, which would indicate a positive year over year growth rate of 30.2%. The company is expected to report its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Wolverine World Wide will report full-year earnings of $2.14 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.16. For the next year, analysts forecast that the company will report earnings of $2.34 per share, with EPS estimates ranging from $2.28 to $2.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, August 8th. The textile maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.46 by $0.08. Wolverine World Wide had a return on equity of 18.58% and a net margin of 2.83%. The company had revenue of $566.90 million for the quarter, compared to analysts’ expectations of $569.24 million. During the same period last year, the firm posted $0.43 earnings per share. Wolverine World Wide’s revenue was down 5.3% compared to the same quarter last year.
NYSE:WWW traded up $0.03 on Wednesday, hitting $34.84. The stock had a trading volume of 18,505 shares, compared to its average volume of 676,679. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.83 and a beta of 1.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.86 and a current ratio of 2.65. Wolverine World Wide has a 52-week low of $25.25 and a 52-week high of $39.77.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Shareholders of record on Monday, October 1st will be given a $0.08 dividend. The ex-dividend date is Friday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.92%. Wolverine World Wide’s payout ratio is 19.51%.
In other news, insider Michael Jeppesen sold 49,151 shares of Wolverine World Wide stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $37.77, for a total transaction of $1,856,433.27. Following the transaction, the insider now directly owns 156,470 shares of the company’s stock, valued at approximately $5,909,871.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard Woodworth sold 19,376 shares of Wolverine World Wide stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $38.73, for a total value of $750,432.48. Following the transaction, the insider now directly owns 123,040 shares in the company, valued at $4,765,339.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,527 shares of company stock worth $2,644,036. Insiders own 5.81% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd lifted its position in shares of Wolverine World Wide by 442.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,509 shares of the textile maker’s stock valued at $159,000 after buying an additional 4,493 shares in the last quarter. Raymond James & Associates bought a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $205,000. Cape Cod Five Cents Savings Bank bought a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $220,000. Robeco Institutional Asset Management B.V. bought a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $224,000. Finally, Papp L Roy & Associates bought a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $226,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.
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