Wall Street brokerages expect Wolverine World Wide, Inc. (NYSE:WWW) to post earnings per share (EPS) of $0.49 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Wolverine World Wide’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. Wolverine World Wide posted earnings of $0.41 per share in the same quarter last year, which would suggest a positive year over year growth rate of 19.5%. The company is expected to report its next earnings report before the market opens on Wednesday, February 20th.
On average, analysts expect that Wolverine World Wide will report full-year earnings of $2.15 per share for the current year, with EPS estimates ranging from $2.14 to $2.16. For the next financial year, analysts forecast that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.28 to $2.38. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Wolverine World Wide.
A number of analysts have commented on WWW shares. Robert W. Baird cut their price objective on shares of Wolverine World Wide from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. Pivotal Research reiterated a “hold” rating and issued a $37.00 price objective on shares of Wolverine World Wide in a report on Monday, November 5th. Piper Jaffray Companies set a $38.00 price objective on shares of Wolverine World Wide and gave the company a “hold” rating in a report on Thursday, November 8th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.91.
Institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of Wolverine World Wide in the 4th quarter valued at approximately $36,000. Huntington National Bank grew its stake in shares of Wolverine World Wide by 77.2% in the 4th quarter. Huntington National Bank now owns 2,929 shares of the textile maker’s stock valued at $93,000 after buying an additional 1,276 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Wolverine World Wide in the 3rd quarter valued at approximately $110,000. Tower Research Capital LLC TRC grew its stake in shares of Wolverine World Wide by 110.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,148 shares of the textile maker’s stock valued at $201,000 after buying an additional 2,705 shares during the period. Finally, Raymond James & Associates purchased a new position in shares of Wolverine World Wide during the 2nd quarter worth approximately $205,000. 93.69% of the stock is owned by institutional investors and hedge funds.
WWW stock traded up $1.45 during mid-day trading on Monday, reaching $36.28. The company’s stock had a trading volume of 1,127,336 shares, compared to its average volume of 556,705. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.50 and a beta of 0.91. The company has a current ratio of 2.65, a quick ratio of 1.75 and a debt-to-equity ratio of 0.57. Wolverine World Wide has a fifty-two week low of $27.93 and a fifty-two week high of $39.77.
About Wolverine World Wide
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through four segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, Wolverine Heritage Group, and Wolverine Multi-Brand Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children's footwear; industrial work boots and apparel; and uniform shoes and boots.
Featured Story: Cost of Equity For A Business, Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wolverine World Wide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wolverine World Wide and related companies with MarketBeat.com's FREE daily email newsletter.