StockNews.com’s research analysts took coverage of Wolverine Global Wide and published their findings in a report on Thursday (NYSE: WWW). Regarding the stock of the textile manufacturer, the company came out with a “sell” recommendation as their recommendation.
The most recent earnings report for Wolverine World Wide, traded on the NYSE under the symbol WWW, was released on February 22.
The textile company reported earnings per share for the period that amounted to $0.15, which was $0.01 less than the consensus estimate for the period, which was $0.14.
Although Wolverine Global Wide had a positive return on equity of 19.99%, the company’s net margin was a negative 7.01%.
In contrast to the widespread belief that the corporation’s quarterly revenue would amount to $665.04 million, the actual amount it brought in was $665.00 million.
In the same period as the previous year, the business made a profit of $0.41 per share. Compared to the same period in the prior year, Wolverine Global Wide experienced a growth in quarterly revenue that was 4.6% higher.
In 2018, Wolverine World Wide was projected to generate earnings of 1.53 cents per share, according to projections provided by sell-side analysts.
NYSE: WWW started its first day of trading on Thursday for $16.61, where it remained throughout the day.
The company’s simple moving average for the past 200 days is currently at $14.77, and the simple moving average for the past 50 days is currently at $15.10.
During the previous fifty-two weeks, the price of Wolverine World Wide has fluctuated between $9.60 and $24.95.
The value of the current ratio comes in at 1.14, while the value of the quick ratio comes in at 0.47, and the value of the debt-to-equity ratio comes in at 2.13.
The company’s price-to-earnings ratio is currently at -6.75, and its beta value is at 1.65.
The market capitalization of the company is currently sitting at $1.31 billion at this time.
There have been some additional equity analysts who have weighed in with their perspectives on the company. Seaport Research Partners shifted their rating of Wolverine Global Wide from “neutral” to “buy” in a research note published on Monday.
Telsey Advisory Group reaffirmed a “market perform” rating on shares of Wolverine World Wide in a research report published on Wednesday, February 22.
The firm also established a price objective of $14.00 for the company’s stock at the time of the report’s publication. Williams Trading upgraded Wolverine World Wide from its previous rating of “hold” to its new rating of “buy” in a report published on January 16. Stifel Nicolaus rated the stock as a “hold” in a research analysis published on Thursday, December 8, and decreased their price objective on Wolverine World Wide shares to $12.00. Stifel Nicolaus’s research analysis was published.
The report’s subject matter was stuck.
Piper Sandler lowered their price target for Wolverine World Wide from $23.00 to $13.00 and changed their rating on the stock from “overweight” to “neutral” in a research note published on Wednesday, January 4.
Three financial analysts have given the company a buy rating; six have recommended that investors maintain their current holdings; and one has suggested that shareholders sell their shares.
The company is currently rated as having a majority opinion of “Hold,” The average price objective is set at $17.14, according to data sourced from Bloomberg.com.
In related news, company director Nicholas T.
Long bought 10,000 shares of company stock on February 24.
This was reported in the related news article.
A total of 161,300.00 dollars was spent on purchasing the shares, with the average price being $16.13 per share.
This brought the total cost of the transaction to $161,300.0