Equities analysts expect Wolverine World Wide, Inc. (NYSE:WWW) to announce earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Wolverine World Wide’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.36. Wolverine World Wide also posted earnings per share of $0.37 in the same quarter last year. The firm is expected to issue its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Wolverine World Wide will report full-year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $2.01 to $2.04. For the next year, analysts expect that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.27. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Wolverine World Wide.
Wolverine World Wide (NYSE:WWW) last announced its earnings results on Wednesday, February 21st. The textile maker reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Wolverine World Wide had a net margin of 0.01% and a return on equity of 16.20%. The company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $579.87 million. During the same period in the previous year, the business earned $0.34 EPS. The company’s revenue was down 20.7% on a year-over-year basis.
In other news, insider James D. Zwiers sold 100,600 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $29.79, for a total value of $2,996,874.00. Following the transaction, the insider now directly owns 190,893 shares of the company’s stock, valued at $5,686,702.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.81% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Wolverine World Wide by 1.1% in the fourth quarter. BlackRock Inc. now owns 12,032,149 shares of the textile maker’s stock worth $383,584,000 after acquiring an additional 128,266 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Wolverine World Wide by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,190,651 shares of the textile maker’s stock worth $101,718,000 after acquiring an additional 287,093 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Wolverine World Wide by 12.8% in the third quarter. JPMorgan Chase & Co. now owns 1,686,193 shares of the textile maker’s stock worth $48,799,000 after acquiring an additional 191,771 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of Wolverine World Wide in the fourth quarter worth $48,417,000. Finally, Marathon Asset Management LLP increased its stake in shares of Wolverine World Wide by 1.7% in the fourth quarter. Marathon Asset Management LLP now owns 790,188 shares of the textile maker’s stock worth $25,235,000 after acquiring an additional 12,950 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.
NYSE:WWW traded up $0.67 during trading hours on Tuesday, hitting $30.76. 826,764 shares of the stock traded hands, compared to its average volume of 852,582. The company has a quick ratio of 2.20, a current ratio of 2.97 and a debt-to-equity ratio of 0.78. Wolverine World Wide has a fifty-two week low of $23.45 and a fifty-two week high of $33.82. The company has a market cap of $2,855.31, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 2nd will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 29th. This is an increase from Wolverine World Wide’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.04%. Wolverine World Wide’s dividend payout ratio is 19.51%.
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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, 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.
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