Wolverine World Wide (NYSE:WWW) Releases FY20 Earnings Guidance

Wolverine World Wide (NYSE:WWW) updated its FY20 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.25-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.50. The company issued revenue guidance of $2.29-2.34 billion, compared to the consensus revenue estimate of $2.38 billion.Wolverine World Wide also updated its FY 2020
Pre-Market guidance to 2.25-2.40 EPS.

WWW stock traded down $0.75 during mid-day trading on Wednesday, reaching $27.66. The company had a trading volume of 839,600 shares, compared to its average volume of 424,500. Wolverine World Wide has a one year low of $23.05 and a one year high of $37.58. The stock has a market capitalization of $2.40 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $32.41 and its two-hundred day simple moving average is $30.42.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.59 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.59. The business had revenue of $607.40 million for the quarter, compared to analysts’ expectations of $614.94 million. Wolverine World Wide had a net margin of 7.51% and a return on equity of 22.50%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. On average, research analysts forecast that Wolverine World Wide will post 2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.45%. Wolverine World Wide’s payout ratio is currently 18.43%.

A number of equities research analysts have recently weighed in on WWW shares. Susquehanna Bancshares cut their price target on Wolverine World Wide from to in a report on Wednesday. Zacks Investment Research lowered Wolverine World Wide from a hold rating to a sell rating and set a $36.00 price objective for the company. in a report on Monday, December 23rd. Pivotal Research restated a hold rating and issued a $30.00 target price (down from $32.00) on shares of Wolverine World Wide in a research report on Friday, February 21st. Argus upgraded Wolverine World Wide from a hold rating to a buy rating in a research report on Wednesday, November 27th. Finally, DA Davidson reaffirmed a buy rating on shares of Wolverine World Wide in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $35.43.

About Wolverine World Wide

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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Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

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