Wolverine World Wide (WWW) Updates FY18 Earnings Guidance

Wolverine World Wide (NYSE:WWW) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. The company issued revenue guidance of $2.24 -2.32 billion, compared to the consensus revenue estimate of $2.30 billion.

Wolverine World Wide (NYSE WWW) opened at $29.82 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.06 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $2,931.66, a P/E ratio of 19.64, a P/E/G ratio of 1.27 and a beta of 0.92. Wolverine World Wide has a 12-month low of $22.83 and a 12-month high of $33.82.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 2nd will be given a dividend of $0.08 per share. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, March 29th. Wolverine World Wide’s dividend payout ratio (DPR) is currently 40.00%.

WWW has been the subject of several recent research reports. Stifel Nicolaus set a $34.00 price target on Wolverine World Wide and gave the company a buy rating in a research report on Saturday, December 16th. Pivotal Research upgraded Wolverine World Wide from a hold rating to a buy rating and lifted their price target for the company from $32.00 to $33.00 in a research report on Wednesday, November 8th. TheStreet cut Wolverine World Wide from a b rating to a c+ rating in a research report on Wednesday, November 8th. Piper Jaffray Companies reiterated a hold rating and set a $26.00 price target on shares of Wolverine World Wide in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut Wolverine World Wide from a buy rating to a hold rating in a research report on Saturday, January 6th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Wolverine World Wide currently has an average rating of Hold and a consensus price target of $27.25.

In other news, insider Michael Jeppesen sold 11,807 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $27.97, for a total value of $330,241.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph R. Gromek sold 18,928 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $29.14, for a total value of $551,561.92. The disclosure for this sale can be found here. 5.65% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Wolverine World Wide (WWW) Updates FY18 Earnings Guidance” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/02/10/wolverine-world-wide-www-updates-fy18-earnings-guidance.html.

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.

Earnings History and Estimates for Wolverine World Wide (NYSE:WWW)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit