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Wolverine World Wide Earnings Preview For Tuesday

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Wolverine World Wide Inc (WWW)

Background: WOLVERINE WORLD WIDE INC. Wolverine World Wide, Inc. designs, manufactures, distributes and markets various brands and styles of footwear. The wide variety of footwear sold by the Company includes casual shoes, slippers, moccasins, dress shoes, boots, uniform shoes and work boots and shoes. The Company is also a domestic tanner of pigskin.

Wolverine World Wide is forecast to record lower second-quarter earnings before the market opens on July 9, 2013.

The consensus estimate is currently 34 cents a share, a drop of 14 cents (29.2%) from 48 cents during the equivalent quarter last year. Estimates from analysts range from a low of 31 cents per share, up to the highest estimate of 36 cents per share.

Shareholders receive 48 cents annually in dividend payments. The yield based on a recent price is 0.9%.

Most of the analysts are bestowing this company a hold rating. 9 out of 13 are now rendering a hold recomendation. 3 recommend this as a buy and 1 recommend selling. Analysts may have missed a good one. In the last 12 months, the shares have really moved higher. The one year return is 43%, and the average analyst target price for Wolverine World Wide is $50.20.
 

Short interest over 10% should give pause to investors looking at this company. The current percentage of the float short is 11.6%.
 

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Stock Tickers: WWW Author Disclosure: n/a
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