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

Wolverine World Wide (NYSE:WWW) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.050-1.200 for the period, compared to the consensus earnings per share 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 Trading Down 2.9 %

Shares of Wolverine World Wide stock opened at $15.17 on Thursday. 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 market cap of $1.21 billion, a PE ratio of -17.22 and a beta of 1.88. The business’s fifty day moving average is $22.05 and its two-hundred day moving average is $18.80. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91.

Wolverine World Wide (NYSE:WWW) last issued its quarterly 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. Wolverine World Wide had a positive return on equity of 6.37% and a negative net margin of 3.80%. The company had revenue of $494.70 million for the quarter, compared to analyst estimates of $485.74 million. During the same quarter in the prior year, the company posted ($0.30) EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Analysts anticipate that Wolverine World Wide will post 0.9 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.64%. Wolverine World Wide’s dividend payout ratio (DPR) is -44.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a report on Wednesday. StockNews.com cut Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Robert W. Baird cut their price target on Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Wolverine World Wide has an average rating of “Moderate Buy” and an average price target of $20.75.

Insider Buying and Selling

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $23.57, for a total value of $181,182.59. Following the transaction, the insider now owns 34,206 shares in the company, valued at approximately $806,235.42. The trade was a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.28% of the stock is owned by corporate 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.