Wolverine World Wide (NYSE:WWW - Get Free Report) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Wolverine World Wide to post earnings of $0.04 per share for the quarter. Wolverine World Wide has set its FY 2024 guidance at 0.650-0.850 EPS and its FY24 guidance at $0.65 to $0.85 EPS.Investors that wish to listen to the company's conference call can do so using this link.
Wolverine World Wide (NYSE:WWW - Get Free Report) last issued its earnings results on Wednesday, February 21st. The textile maker reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.03). Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The business had revenue of $526.70 million for the quarter, compared to analyst estimates of $520.12 million. During the same period last year, the company posted ($0.15) earnings per share. The firm's revenue for the quarter was down 20.8% on a year-over-year basis. On average, analysts expect Wolverine World Wide to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Wolverine World Wide Price Performance
Shares of NYSE:WWW traded down $0.29 during trading hours on Wednesday, hitting $10.45. 697,853 shares of the company's stock traded hands, compared to its average volume of 849,203. Wolverine World Wide has a 52 week low of $7.21 and a 52 week high of $17.85. The company's fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $9.15. The company has a market cap of $835.06 million, a price-to-earnings ratio of -20.49 and a beta of 1.75. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.75 and a current ratio of 1.18.
Wolverine World Wide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, March 28th. Wolverine World Wide's dividend payout ratio is currently -78.43%.
Wall Street Analyst Weigh In
Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $10.00 target price on shares of Wolverine World Wide in a report on Wednesday. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.63.
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About Wolverine World Wide
(
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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.
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