Wolverine World Wide (WWW) Expected to Announce Earnings on Wednesday

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

Wolverine World Wide Stock Performance

NYSE:WWW opened at $20.50 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. Wolverine World Wide has a 12-month low of $8.25 and a 12-month high of $24.64. The stock has a 50-day moving average price of $22.73 and a 200 day moving average price of $18.63. The stock has a market capitalization of $1.64 billion, a P/E ratio of -23.03 and a beta of 1.88.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WWW. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.38.

Insider Activity at Wolverine World Wide

In other news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.28% of the stock is owned by corporate 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.