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.

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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)

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