Q4 2017 EPS Estimates for Wolverine World Wide, Inc. (WWW) Reduced by DA Davidson

Wolverine World Wide, Inc. (NYSE:WWW) – DA Davidson lowered their Q4 2017 earnings per share (EPS) estimates for Wolverine World Wide in a research report issued on Wednesday. DA Davidson analyst A. Burns now expects that the textile maker will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.47. DA Davidson also issued estimates for Wolverine World Wide’s Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.46 EPS and FY2019 earnings at $1.99 EPS.

A number of other brokerages also recently commented on WWW. Zacks Investment Research upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Saturday, August 12th. Buckingham Research upped their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Jaffray Companies set a $25.00 price objective on shares of Wolverine World Wide and gave the stock a “hold” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Pivotal Research initiated coverage on shares of Wolverine World Wide in a research report on Thursday, October 5th. They set a “hold” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.65.

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Shares of Wolverine World Wide (WWW) opened at $27.75 on Friday. Wolverine World Wide has a 12-month low of $20.94 and a 12-month high of $29.62. The company has a market cap of $2,760.00, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.09 and a quick ratio of 1.95.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings results on Wednesday, November 8th. The textile maker reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Wolverine World Wide had a net margin of 2.35% and a return on equity of 15.25%. The firm had revenue of $581.30 million during the quarter, compared to the consensus estimate of $552.36 million. During the same quarter in the prior year, the firm earned $0.49 EPS. Wolverine World Wide’s revenue for the quarter was down 3.7% on a year-over-year basis.

Several large investors have recently bought and sold shares of the company. Ronna Sue Cohen grew its stake in shares of Wolverine World Wide by 0.3% during the 2nd quarter. Ronna Sue Cohen now owns 8,362 shares of the textile maker’s stock worth $234,000 after purchasing an additional 21 shares during the period. Bank of Montreal Can grew its stake in shares of Wolverine World Wide by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 4,904 shares of the textile maker’s stock worth $138,000 after purchasing an additional 64 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Wolverine World Wide by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,500 shares of the textile maker’s stock worth $1,106,000 after purchasing an additional 100 shares during the period. Amalgamated Bank grew its stake in shares of Wolverine World Wide by 1.9% during the 2nd quarter. Amalgamated Bank now owns 13,330 shares of the textile maker’s stock worth $373,000 after purchasing an additional 246 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Wolverine World Wide by 1.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 22,840 shares of the textile maker’s stock worth $640,000 after purchasing an additional 360 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%. Wolverine World Wide’s dividend payout ratio (DPR) is presently 40.00%.

About Wolverine World Wide

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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