Wolverine World Wide (WWW) Scheduled to Post Quarterly Earnings on Thursday

Wolverine World Wide (NYSE:WWW) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Wolverine World Wide to post earnings of $0.21 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, August 7th. The textile maker reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Wolverine World Wide had a negative net margin of 4.42% and a negative return on equity of 0.34%. The business had revenue of $425.40 million during the quarter, compared to analyst estimates of $411.20 million. During the same period last year, the business earned $0.19 EPS. The business’s revenue was down 27.8% on a year-over-year basis. On average, analysts expect Wolverine World Wide to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Wolverine World Wide Trading Down 0.6 %

Shares of WWW stock opened at $15.49 on Wednesday. Wolverine World Wide has a 12 month low of $7.58 and a 12 month high of $18.51. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 2.14. The company’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $13.92.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s dividend payout ratio is currently -37.74%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WWW shares. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 price objective on shares of Wolverine World Wide in a research note on Thursday, October 31st. Argus raised shares of Wolverine World Wide to a “hold” rating in a research report on Friday, August 16th. Robert W. Baird increased their price target on shares of Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, UBS Group raised Wolverine World Wide from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $20.00 in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insiders Place Their Bets

In other news, insider David A. Latchana sold 7,706 shares of Wolverine World Wide stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $17.02, for a total transaction of $131,156.12. Following the sale, the insider now owns 13,889 shares of the company’s stock, valued at approximately $236,390.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.28% of the stock is owned by corporate insiders.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.