Wolverine World Wide, Inc. (NYSE:WWW) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 16th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Wolverine World Wide has set its FY17 guidance at $1.55-1.65 EPS.
Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, August 9th. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The business had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $573.78 million. Wolverine World Wide had a return on equity of 15.81% and a net margin of 3.32%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts expect Wolverine World Wide to post $1.61 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Wolverine World Wide, Inc. (WWW) opened at 29.04 on Monday. The stock’s 50 day moving average price is $27.23 and its 200 day moving average price is $26.24. Wolverine World Wide, Inc. has a 52-week low of $20.58 and a 52-week high of $29.62. The firm has a market capitalization of $2.81 billion, a PE ratio of 34.12 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, September 29th. Wolverine World Wide’s payout ratio is 28.24%.
COPYRIGHT VIOLATION NOTICE: “Wolverine World Wide, Inc. (WWW) to Release Quarterly Earnings on Monday” was first posted by BBNS and is owned by of BBNS. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/wolverine-world-wide-inc-www-to-release-quarterly-earnings-on-monday/1700269.html.
WWW has been the topic of a number of analyst reports. ValuEngine lowered Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Morgan Stanley lifted their target price on Wolverine World Wide from $22.50 to $24.50 and gave the stock an “equal weight” rating in a research report on Monday, September 25th. BidaskClub raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Robert W. Baird reaffirmed a “buy” rating and set a $32.00 target price on shares of Wolverine World Wide in a research report on Sunday, September 17th. Finally, Zacks Investment Research raised Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.06.
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.
Receive News & Ratings for Wolverine World Wide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide Inc. and related companies with our FREE daily email newsletter.