Wolverine World Wide (WWW) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.22. The company posted revenue of $577.60 million in the period, compared to analysts expectations of $567.76 million. The company’s revenue was down -8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Wolverine World Wide. Wolverine World Wide was Downgraded by Sterne Agee CRT to ” Underperform” on Apr 27, 2016.
Wolverine World Wide closed down -0.02 points or -0.11% at $18.93 with 10,69,701 shares getting traded on Monday. Post opening the session at $19, the shares hit an intraday low of $18.66 and an intraday high of $19.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 2, 2015, Jeffrey M Boromisa (director) purchased 2,500 shares at $18.49 per share price. According to the SEC, on Aug 6, 2015, Michael Jeppesen (Pres., Global Operations Group) sold 15,000 shares at $28.43 per share price. On May 12, 2015, Michael A Volkema (director) sold 6,668 shares at $30.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Wolverine World Wide Inc. is a designer manufacturer and marketer of casual footwear and apparel outdoor and athletic footwear and apparel childrens footwear industrial work boots and apparel and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group consisting of Sperry Top-Sider footwear and apparel Stride Rite footwear and apparel Hush Puppies footwear and apparel Keds footwear and apparel and Soft Style footwear; Performance Group consisting of Merrell footwear and apparel Saucony footwear and apparel Chaco footwear and Cushe footwear and Heritage Group consisting of Wolverine footwear and apparel Cat footwear Bates uniform footwear Sebago footwear and apparel Harley-Davidson footwear and HyTest safety footwear. The Other category consists of the Companys multi-brand consumer-direct business leather marketing operations and sourcing operations that include third-party commission revenues.