Wolverine World Wide, Inc. (WWW) Scheduled to Post Quarterly Earnings on Monday
Wolverine World Wide, Inc. (NYSE:WWW) is scheduled to be issuing its Q3 2017 quarterly earnings data before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.37 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 issued its quarterly earnings results on Wednesday, August 9th. The textile maker reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.14. The firm had revenue of $598.80 million during the quarter, compared to the consensus estimate 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 revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. On average, analysts expect Wolverine World Wide to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Wolverine World Wide, Inc. (WWW) opened at $26.59 on Friday. The stock has a market capitalization of $2,569.55, a PE ratio of 16.41, a PEG ratio of 1.32 and a beta of 0.94. The company has a current ratio of 2.81, a quick ratio of 1.95 and a debt-to-equity ratio of 0.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 28.24%.
A number of equities analysts have recently issued reports on the stock. Pivotal Research assumed coverage on shares of Wolverine World Wide in a research report on Thursday, October 5th. They set a “hold” rating and a $32.00 price objective on the stock. ValuEngine cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. KeyCorp reissued a “hold” rating on shares of Wolverine World Wide in a research report on Wednesday, October 11th. Morgan Stanley increased their price objective on shares of 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. Finally, BidaskClub cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target 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.
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