In the latest session, Wolverine World Wide, Inc. (NYSE: WWW) closed at $9.96 up 3.64% from its previous closing price of $9.61. In other words, the price has increased by $+0.35 from its previous closing price. On the day, 1043748 shares were traded.
Ratios:
For a deeper understanding of Wolverine World Wide, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 3.90 whereas as Long-Term Debt/Eq ratio is at 2.65.
Exane BNP Paribas Downgraded its Outperform to Neutral on August 11, 2023, while the target price for the stock was maintained at $9.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 18 when BOROMISA JEFFREY M bought 3,500 shares for $8.35 per share. The transaction valued at 29,225 led to the insider holds 160,400 shares of the business.
Stornant Michael D bought 3,800 shares of WWW for $31,122 on Aug 16. The EVP, CFO and Treasurer now owns 221,844 shares after completing the transaction at $8.19 per share. On Jun 05, another insider, LAUDERBACK BRENDA J, who serves as the Director of the company, sold 3,050 shares for $13.68 each. As a result, the insider received 41,724 and left with 32,345 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WWW now has a Market Capitalization of 794.27M and an Enterprise Value of 1.70B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 2.84. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is -47.84.
Stock Price History:
Over the past 52 weeks, WWW has reached a high of $17.85, while it has fallen to a 52-week low of $7.21. The 50-Day Moving Average of the stock is 8.84, while the 200-Day Moving Average is calculated to be 10.20.
Shares Statistics:
For the past three months, WWW has traded an average of 1.00M shares per day and 970.09k over the past ten days. A total of 79.55M shares are outstanding, with a floating share count of 77.10M. Insiders hold about 3.32% of the company’s shares, while institutions hold 90.74% stake in the company. Shares short for WWW as of Jan 31, 2024 were 4.39M with a Short Ratio of 4.38, compared to 3.64M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.52% and a Short% of Float of 7.68%.
Dividends & Splits
According to the company, the forward annual dividend rate for WWW is 0.40, from 0.40 in the trailing year. Against a Trailing Annual Dividend Yield of 4.16%, it implies a Forward Annual Dividend Yield of 4.02%. The stock’s 5-year Average Dividend Yield is 2.03.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.02 and a low estimate of $0, while EPS last year was $0.09. The consensus estimate for the next quarter is $0.23, with high estimates of $0.37 and low estimates of $0.14.
Analysts are recommending an EPS of between $0.96 and $0.53 for the fiscal current year, implying an average EPS of $0.77. EPS for the following year is $1.16, with 10 analysts recommending between $1.53 and $0.87.
Revenue Estimates
A total of 8 analysts believe the company’s revenue will be $359.15M this quarter.It ranges from a high estimate of $360.6M to a low estimate of $352.66M. As of the current estimate, Wolverine World Wide, Inc.’s year-ago sales were $580.4M, an estimated decrease of -38.10% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $423.52M, a decrease of -27.00% over than the figure of -$38.10% in the same quarter last year. There is a high estimate of $436.8M for the next quarter, whereas the lowest estimate is $408M.
A total of 9 analysts have provided revenue estimates for WWW’s current fiscal year. The highest revenue estimate was $2.02B, while the lowest revenue estimate was $1.69B, resulting in an average revenue estimate of $1.75B. In the same quarter a year ago, actual revenue was $2.2B, down -20.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.85B in the next fiscal year. The high estimate is $2.15B and the low estimate is $1.77B. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.
