Wolverine World Wide (WWW) to Release Earnings on Wednesday

Wolverine World Wide (NYSE:WWW) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce 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 interested in listening to the company’s conference call can do so using this link.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings data 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). The company had revenue of $526.70 million for the quarter, compared to analyst estimates of $520.12 million. Wolverine World Wide had a positive return on equity of 1.45% and a negative net margin of 1.77%. The business’s revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) earnings per share. 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

WWW stock opened at $11.43 on Tuesday. Wolverine World Wide has a 12-month low of $7.21 and a 12-month high of $17.85. The business’s 50-day moving average is $10.17 and its 200 day moving average is $9.22. The company has a current ratio of 1.18, a quick ratio of 0.75 and a debt-to-equity ratio of 2.02.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, July 1st. Wolverine World Wide’s dividend payout ratio is presently -78.43%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $10.00 target price on shares of Wolverine World Wide in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Hold” and a consensus price target of $10.63.

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.