Wolverine World Wide (WWW) Projected to Post Earnings on Wednesday

Wolverine World Wide (NYSE:WWW) is expected to release its earnings data before the market opens on Wednesday, February 19th. Analysts expect Wolverine World Wide to post earnings of $0.41 per share and revenue of $485.74 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Wolverine World Wide Stock Performance

NYSE WWW opened at $18.47 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The firm’s fifty day moving average price is $22.39 and its two-hundred day moving average price is $18.76. Wolverine World Wide has a 1 year low of $8.25 and a 1 year high of $24.64. The firm has a market capitalization of $1.48 billion, a P/E ratio of -20.75 and a beta of 1.88.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is presently -44.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WWW. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday, February 12th. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Insider Activity

In related news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the sale, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.28% of the stock is currently owned by company insiders.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.