Q4 2017 EPS Estimates for Wolverine World Wide, Inc. (WWW) Lowered by KeyCorp

Wolverine World Wide, Inc. (NYSE:WWW) – Research analysts at KeyCorp reduced their Q4 2017 EPS estimates for shares of Wolverine World Wide in a report issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the textile maker will post earnings of $0.40 per share for the quarter, down from their previous estimate of $0.42. KeyCorp has a “Hold” rating on the stock.

A number of other research analysts have also weighed in on the stock. TheStreet lowered shares of Wolverine World Wide from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Buckingham Research lifted their price objective on shares of Wolverine World Wide from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday. Telsey Advisory Group lifted their price objective on shares of Wolverine World Wide from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday. Piper Jaffray Companies reiterated 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, Pivotal Research raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price target for the company from $32.00 to $33.00 in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Wolverine World Wide currently has an average rating of “Hold” and an average target price of $25.65.

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Wolverine World Wide (WWW) opened at $27.75 on Monday. Wolverine World Wide has a one year low of $20.94 and a one year high of $29.62. The firm has a market cap of $2,655.15, a P/E ratio of 17.79, a P/E/G ratio of 1.36 and a beta of 0.94. The company has a quick ratio of 1.95, a current ratio of 3.09 and a debt-to-equity ratio of 0.74.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, November 8th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $581.30 million during the quarter, compared to analyst estimates of $552.36 million. During the same period in the previous year, the business earned $0.49 EPS. Wolverine World Wide’s revenue was down 3.7% compared to the same quarter last year.

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

Several hedge funds and other institutional investors have recently bought and sold shares of WWW. Teachers Advisors LLC lifted its holdings in shares of Wolverine World Wide by 4.5% during the 1st quarter. Teachers Advisors LLC now owns 167,443 shares of the textile maker’s stock worth $4,181,000 after acquiring an additional 7,231 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Wolverine World Wide by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 735,434 shares of the textile maker’s stock worth $18,363,000 after acquiring an additional 19,194 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Wolverine World Wide by 26.3% during the 1st quarter. Morgan Stanley now owns 374,565 shares of the textile maker’s stock worth $9,353,000 after acquiring an additional 77,973 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Wolverine World Wide by 9.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 581,376 shares of the textile maker’s stock worth $14,517,000 after acquiring an additional 48,312 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Wolverine World Wide by 5.3% during the 1st quarter. State Street Corp now owns 2,314,470 shares of the textile maker’s stock worth $57,791,000 after acquiring an additional 116,529 shares during the last quarter. 91.41% of the stock is owned by institutional investors.

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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