8. Wolverine World Wide ( WWW) is a designer, manufacturer and marketer of a range of casual shoes, performance outdoor footwear and apparel, industrial work shoes, boots and apparel, and uniform shoes and boots. The company will announce its third-quarter results on Oct. 3. Net income is estimated to come in at $36.76 million on sales of $358.2 million, as compared to a net income of $34.14 million recorded on sales of $320.4 million sales for the same period in 2010, as per analysts polled by Bloomberg. Earnings per share are forecast at 75 cents for the quarter, compared to 70 cents in the prior-year period. Return on equity is estimated to increase by 7% to 20.90% from 19.48% earlier. In mid-July, the company declared a quarterly cash dividend of 12 cents per common share which is payable on November 1, 2011. Currently, the company has a dividend yield of 1.3%. Of the 13 analysts covering the stock, 38% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 24.3% to $43.75 from current levels over the next 12 months.
Investors considering a purchase of K12 Inc stock, but cautious about paying the going market price of $10.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $7.50 strike, which has a bid at the time of this writing of 25 cents.