Q1 2019 EPS Estimates for Wolverine World Wide, Inc. Cut by Analyst (WWW)

Wolverine World Wide, Inc. (NYSE:WWW) – Equities research analysts at KeyCorp lowered their Q1 2019 earnings per share estimates for Wolverine World Wide in a research note issued to investors on Wednesday, February 20th. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.46 per share for the quarter, down from their previous estimate of $0.54. KeyCorp also issued estimates for Wolverine World Wide’s FY2019 earnings at $2.23 EPS and FY2020 earnings at $2.40 EPS.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data on Wednesday, February 20th. The textile maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $579.60 million during the quarter, compared to analysts’ expectations of $584.55 million. Wolverine World Wide had a return on equity of 21.00% and a net margin of 8.90%. Wolverine World Wide’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share.

A number of other analysts have also recently commented on the company. Wedbush restated an “outperform” rating on shares of Wolverine World Wide in a research report on Thursday. ValuEngine cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Thursday. Telsey Advisory Group restated a “market perform” rating and issued a $38.00 price target (up previously from $35.00) on shares of Wolverine World Wide in a research report on Tuesday. Zacks Investment Research upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Saturday, February 16th. Finally, Robert W. Baird reduced their price target on Wolverine World Wide from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.36.

Shares of WWW opened at $36.02 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.83 and a quick ratio of 1.75. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.52 and a beta of 0.91. Wolverine World Wide has a 52 week low of $27.93 and a 52 week high of $39.77.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.11%. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.08. Wolverine World Wide’s dividend payout ratio (DPR) is currently 14.75%.

Several large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund bought a new position in Wolverine World Wide during the fourth quarter valued at approximately $36,000. Westfield Capital Management Co. LP bought a new position in Wolverine World Wide during the fourth quarter valued at approximately $23,779,000. BlackRock Inc. boosted its stake in Wolverine World Wide by 4.5% during the third quarter. BlackRock Inc. now owns 13,696,666 shares of the textile maker’s stock valued at $534,856,000 after buying an additional 593,107 shares during the last quarter. Marshall Wace LLP bought a new position in Wolverine World Wide during the third quarter valued at approximately $17,740,000. Finally, Teachers Advisors LLC boosted its stake in Wolverine World Wide by 223.6% during the third quarter. Teachers Advisors LLC now owns 575,770 shares of the textile maker’s stock valued at $22,484,000 after buying an additional 397,829 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Wolverine World Wide Company Profile

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.

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

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