Equities research analysts forecast that Wolverine World Wide, Inc. (NYSE:WWW) will post earnings per share (EPS) of $0.46 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Wolverine World Wide’s earnings, with estimates ranging from $0.42 to $0.49. Wolverine World Wide posted earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 475%. The company is expected to report its next earnings results on Wednesday, August 4th.
According to Zacks, analysts expect that Wolverine World Wide will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.14. For the next year, analysts anticipate that the business will post earnings of $2.40 per share, with EPS estimates ranging from $2.35 to $2.47. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last posted its earnings results on Wednesday, May 12th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Wolverine World Wide had a negative net margin of 6.01% and a positive return on equity of 12.78%. The firm had revenue of $510.70 million during the quarter, compared to analyst estimates of $508.32 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue was up 16.3% compared to the same quarter last year.
Shares of Wolverine World Wide stock traded up $0.22 during mid-day trading on Thursday, hitting $36.30. 633,935 shares of the stock were exchanged, compared to its average volume of 472,417. Wolverine World Wide has a 12 month low of $20.58 and a 12 month high of $44.74. The firm’s 50-day moving average is $38.83. The stock has a market capitalization of $3.01 billion, a P/E ratio of -25.93 and a beta of 1.84. The company has a quick ratio of 1.46, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 2nd. Shareholders of record on Thursday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.10%. Wolverine World Wide’s payout ratio is 43.01%.
In other news, Director Nicholas T. Long sold 5,470 shares of the firm’s stock in a transaction that occurred on Tuesday, May 18th. The shares were sold at an average price of $38.65, for a total value of $211,415.50. Following the completion of the transaction, the director now directly owns 16,142 shares in the company, valued at $623,888.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kyle Hanson sold 2,544 shares of the business’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $36.25, for a total transaction of $92,220.00. Following the transaction, the vice president now directly owns 10,020 shares of the company’s stock, valued at approximately $363,225. The disclosure for this sale can be found here. Insiders sold 36,907 shares of company stock valued at $1,425,529 over the last ninety days. Corporate insiders own 4.73% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its holdings in shares of Wolverine World Wide by 1,786.5% in the first quarter. Rockefeller Capital Management L.P. now owns 698 shares of the textile maker’s stock worth $26,000 after purchasing an additional 661 shares during the period. Eaton Vance Management bought a new position in Wolverine World Wide in the 1st quarter worth about $26,000. Vantage Consulting Group Inc bought a new position in Wolverine World Wide in the 4th quarter worth about $34,000. Bessemer Group Inc. purchased a new stake in shares of Wolverine World Wide in the 1st quarter valued at about $44,000. Finally, Veriti Management LLC bought a new stake in shares of Wolverine World Wide during the 4th quarter valued at about $89,000. 92.94% of the stock is owned by hedge funds and other institutional investors.
About Wolverine World Wide
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group.
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