Wall Street analysts’ outlook for Wolverine World Wide, Inc (WWW)

With 3.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.64 million shares. The 52-week range on WWW shows that it touched its highest point at $24.64 and its lowest point at $9.58 during that stretch. It currently has a 1-year price target of $20.56. With its current market cap of 1.32 billion, WWW has annualized dividend of $0.40 while the current yield stands at 2.45%. Beta for the stock currently stands at 1.65.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WWW was up-trending over the past week, with a rise of 24.11%, but this was up by 62.07% over a month. Three-month performance dropped to -24.16% while six-month performance rose 4.75%. The stock gained 42.78% in the past year, while it has lost -26.49% so far this year. A look at the trailing 12-month EPS for WWW yields 0.57 with Next year EPS estimates of 1.32. For the next quarter, that number is 0.24. This implies an EPS growth rate of 18.24% for this year and 22.39% for next year. EPS is expected to grow by 26.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -16.72%.

Float and Shares Shorts:

At present, 80.33 million WWW shares are outstanding with a float of 79.49 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WWW since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.90177 being high and $0.87204 being low. For WWW, this leads to a yearly average estimate of $0.89186.