$0.29 Earnings Per Share Expected for Wolverine World Wide, Inc. (NYSE:WWW) This Quarter

Equities research analysts predict that Wolverine World Wide, Inc. (NYSE:WWW) will announce earnings of $0.29 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Wolverine World Wide’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.31. Wolverine World Wide reported earnings per share of $0.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, August 9th.

According to Zacks, analysts expect that Wolverine World Wide will report full-year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.53 to $1.58. For the next year, analysts expect that the business will post earnings of $1.82 per share, with EPS estimates ranging from $1.72 to $1.95. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Wolverine World Wide.

Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, May 10th. The textile maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Wolverine World Wide had a return on equity of 14.14% and a net margin of 3.47%. The firm had revenue of $591.30 million for the quarter, compared to analyst estimates of $557.53 million. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue was up 2.4% on a year-over-year basis.

Several research analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $28.00 price target on shares of Wolverine World Wide in a research note on Saturday, May 13th. ValuEngine lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $24.00 price target on shares of Wolverine World Wide in a research note on Thursday, May 11th. Zacks Investment Research lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, BidaskClub lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $23.57.

Shares of Wolverine World Wide (WWW) traded up 0.85% on Thursday, hitting $28.44. The stock had a trading volume of 468,821 shares. Wolverine World Wide has a 12 month low of $20.58 and a 12 month high of $28.46. The stock has a market cap of $2.76 billion, a P/E ratio of 31.96 and a beta of 0.94. The firm has a 50 day moving average of $27.14 and a 200 day moving average of $25.20.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, June 29th. Wolverine World Wide’s dividend payout ratio (DPR) is 27.27%.

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A number of hedge funds have recently made changes to their positions in WWW. BlackRock Inc. increased its stake in shares of Wolverine World Wide by 55,444.0% in the first quarter. BlackRock Inc. now owns 12,193,018 shares of the textile maker’s stock valued at $304,461,000 after buying an additional 12,171,066 shares during the period. Wellington Management Group LLP increased its stake in shares of Wolverine World Wide by 1,032.2% in the first quarter. Wellington Management Group LLP now owns 2,826,644 shares of the textile maker’s stock valued at $70,581,000 after buying an additional 2,576,990 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Wolverine World Wide by 670.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,854,762 shares of the textile maker’s stock valued at $46,313,000 after buying an additional 1,613,970 shares during the period. Vanguard Group Inc. increased its stake in shares of Wolverine World Wide by 5.9% in the first quarter. Vanguard Group Inc. now owns 8,570,082 shares of the textile maker’s stock valued at $213,996,000 after buying an additional 476,268 shares during the period. Finally, Bogle Investment Management L P DE purchased a new stake in shares of Wolverine World Wide during the first quarter valued at approximately $10,124,000. 92.57% of the stock is currently owned by institutional investors.

About Wolverine World Wide

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, Chaco footwear, and Sebago footwear and apparel; 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.

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

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