Wall Street analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to report earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Wolverine World Wide’s earnings, with estimates ranging from $0.57 to $0.59. Wolverine World Wide reported earnings per share of $0.52 in the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The company is expected to announce its next quarterly earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Wolverine World Wide will report full year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.28. For the next fiscal year, analysts anticipate that the business will post earnings of $2.51 per share, with EPS estimates ranging from $2.43 to $2.60. Zacks’ EPS averages are an average based on a survey of research analysts that cover Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last issued its earnings results on Thursday, November 7th. The textile maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. The company had revenue of $574.30 million for the quarter, compared to analyst estimates of $575.97 million. Wolverine World Wide had a net margin of 7.51% and a return on equity of 22.50%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS.
Shares of NYSE WWW traded down $0.19 during trading on Wednesday, hitting $31.91. 115,342 shares of the company were exchanged, compared to its average volume of 814,600. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 14.71 and a beta of 1.05. Wolverine World Wide has a 1 year low of $23.05 and a 1 year high of $39.72. The firm’s fifty day moving average price is $30.76 and its 200 day moving average price is $28.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.14 and a quick ratio of 0.64.
Wolverine World Wide announced that its board has approved a stock repurchase program on Wednesday, September 11th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the textile maker to repurchase up to 17.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. Wolverine World Wide’s dividend payout ratio is presently 18.43%.
Institutional investors have recently added to or reduced their stakes in the stock. Bridge City Capital LLC increased its position in Wolverine World Wide by 0.5% during the 2nd quarter. Bridge City Capital LLC now owns 92,618 shares of the textile maker’s stock worth $2,551,000 after purchasing an additional 456 shares in the last quarter. Anchor Capital Advisors LLC increased its position in Wolverine World Wide by 1.8% during the 3rd quarter. Anchor Capital Advisors LLC now owns 30,405 shares of the textile maker’s stock worth $859,000 after purchasing an additional 532 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Wolverine World Wide by 1.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,331 shares of the textile maker’s stock worth $1,028,000 after purchasing an additional 600 shares in the last quarter. Rhumbline Advisers increased its position in Wolverine World Wide by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 286,794 shares of the textile maker’s stock worth $8,105,000 after purchasing an additional 1,021 shares in the last quarter. Finally, M&T Bank Corp increased its position in Wolverine World Wide by 14.9% during the 2nd quarter. M&T Bank Corp now owns 8,924 shares of the textile maker’s stock worth $245,000 after purchasing an additional 1,160 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
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