Wolverine World Wide (NYSE:WWW) issued its quarterly earnings data on Tuesday. The textile maker reported $0.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59, Bloomberg Earnings reports. The company had revenue of $607.40 million during the quarter, compared to analyst estimates of $614.94 million. Wolverine World Wide had a return on equity of 23.60% and a net margin of 5.65%. Wolverine World Wide’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Wolverine World Wide updated its FY 2020
Pre-Market guidance to 2.25-2.40 EPS and its FY20 guidance to $2.25-2.40 EPS.
NYSE WWW opened at $27.66 on Thursday. Wolverine World Wide has a 12 month low of $23.05 and a 12 month high of $37.58. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 0.81 and a beta of 1.06. The company’s 50 day moving average is $32.41 and its two-hundred day moving average is $30.42. The company has a current ratio of 1.23, a quick ratio of 0.64 and a debt-to-equity ratio of 0.74.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, March 31st. Wolverine World Wide’s dividend payout ratio is 17.78%.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Wolverine World Wide from a “hold” rating to a “sell” rating and set a $36.00 price objective on the stock. in a report on Monday, December 23rd. Susquehanna Bancshares reduced their target price on shares of Wolverine World Wide from to in a report on Wednesday. Pivotal Research reiterated a “hold” rating and issued a $30.00 price target (down from $32.00) on shares of Wolverine World Wide in a research report on Friday, February 21st. Argus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Wolverine World Wide in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.43.
Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
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