Wolverine World Wide (WWW) Issues FY18 Earnings Guidance

Wolverine World Wide (NYSE:WWW) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus EPS 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.

Shares of Wolverine World Wide (NYSE:WWW) traded down $0.28 during trading hours on Friday, reaching $30.36. 561,671 shares of the company were exchanged, compared to its average volume of 762,053. The company has a market capitalization of $3,047.43, a PE ratio of 51.07, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92. Wolverine World Wide has a 1 year low of $23.34 and a 1 year high of $33.82. The company has a quick ratio of 2.06, a current ratio of 3.09 and a debt-to-equity ratio of 0.74.

Wolverine World Wide (NYSE:WWW) last issued its earnings results on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $581.30 million during the quarter, compared to analysts’ expectations of $552.36 million. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. research analysts predict that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.05%. This is a boost from Wolverine World Wide’s previous quarterly dividend of $0.06. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.

WWW has been the subject of a number of research reports. Stifel Nicolaus set a $34.00 target price on shares of Wolverine World Wide and gave the stock a buy rating in a report on Saturday, December 16th. Pivotal Research raised shares of Wolverine World Wide from a hold rating to a buy rating and raised their price objective for the stock from $32.00 to $33.00 in a research note on Wednesday, November 8th. TheStreet lowered shares of Wolverine World Wide from a b rating to a c+ rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a hold rating and issued a $26.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Wolverine World Wide from a buy rating to a hold rating in a research note on Saturday, January 6th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Wolverine World Wide presently has an average rating of Hold and an average price target of $27.25.

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