After finishing at $10.05 in the prior trading day, Wolverine World Wide, Inc. (NYSE: WWW) closed at $10.32, up 2.69%. In other words, the price has increased by $+0.27 from its previous closing price. On the day, 557508 shares were traded.
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Ratios:
Our goal is to gain a better understanding of WWW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.68. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 18 ’23 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 ’23. The EVP, CFO and Treasurer now owns 221,844 shares after completing the transaction at $8.19 per share. On Jun 05 ’23, 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 822.98M and an Enterprise Value of 1.73B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 0.77 whereas that against EBITDA is -48.65.
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 9.17, while the 200-Day Moving Average is calculated to be 9.78.
Shares Statistics:
The stock has traded on average 890.03K shares per day over the past 3-months and 855.49k shares per day over the last 10 days, according to various share statistics. A total of 79.55M shares are outstanding, with a floating share count of 77.11M. Insiders hold about 3.31% of the company’s shares, while institutions hold 90.76% stake in the company. Shares short for WWW as of Feb 29, 2024 were 4.93M with a Short Ratio of 5.54, compared to 4.39M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.19% and a Short% of Float of 8.60%.
Dividends & Splits
In the trailing 12 months, WWW’s forward annual dividend rate was 0.40, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 3.98%, it implies a Forward Annual Dividend Yield of 3.88%. The stock’s 5-year Average Dividend Yield is 2.08.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. 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 $0.9 and $0.53 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $1.12, with 10 analysts recommending between $1.25 and $0.87.
Revenue Estimates
8 analysts predict $359.15M in revenue for the current 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 $1.74B, while the lowest revenue estimate was $1.69B, resulting in an average revenue estimate of $1.72B. In the same quarter a year ago, actual revenue was $2.2B, down -22.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.81B in the next fiscal year. The high estimate is $1.86B and the low estimate is $1.77B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
