Wolverine World Wide (NYSE:WWW) Releases FY 2025 Earnings Guidance

Wolverine World Wide (NYSE:WWW) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.050-1.200 for the period, compared to the consensus estimate of 1.340. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.9 billion. Wolverine World Wide also updated its FY25 guidance to $1.05-1.20 EPS.

Wolverine World Wide Stock Down 2.9 %

Wolverine World Wide stock opened at $15.17 on Thursday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -17.22 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide has a fifty-two week low of $8.25 and a fifty-two week high of $24.64. The firm has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $18.80.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a negative net margin of 3.80% and a positive return on equity of 6.37%. The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.30) EPS. As a group, analysts forecast that Wolverine World Wide will post 0.9 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.64%. Wolverine World Wide’s payout ratio is -44.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WWW shares. Robert W. Baird dropped their price objective on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their target price for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Wolverine World Wide in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.75.

Insider Buying and Selling

In other news, insider Isabel Soriano sold 7,687 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the transaction, the insider now directly owns 34,206 shares in the company, valued at $806,235.42. The trade was a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.28% of the stock is currently owned by company insiders.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.