Wolverine World Wide (WWW) Set to Announce Quarterly Earnings on Wednesday

Wolverine World Wide (NYSE:WWW) is set to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Wolverine World Wide to post earnings of $0.04 per share for the quarter. Wolverine World Wide has set its FY 2024 guidance at 0.650-0.850 EPS and its FY24 guidance at $0.65 to $0.85 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings data on Wednesday, February 21st. The textile maker reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.03). The firm had revenue of $526.70 million during the quarter, compared to the consensus estimate of $520.12 million. Wolverine World Wide had a negative net margin of 1.77% and a positive return on equity of 1.45%. The business’s revenue was down 20.8% on a year-over-year basis. During the same period last year, the business earned ($0.15) EPS. 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 Price Performance

Shares of WWW stock opened at $11.43 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18. The firm has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $9.22. Wolverine World Wide has a 12-month low of $7.21 and a 12-month high of $17.85.

Wolverine World Wide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Monday, July 1st. Wolverine World Wide’s dividend payout ratio is -78.43%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $10.00 target price on shares of Wolverine World Wide in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Wolverine World Wide currently has an average rating of “Hold” and an average price target of $10.63.

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.