Wolverine World Wide (NYSE:WWW) Updates 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 Stock Performance

Wolverine World Wide stock opened at $18.76 on Wednesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -21.07 and a beta of 1.88. Wolverine World Wide has a 12 month low of $8.25 and a 12 month high of $24.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. The stock’s 50-day moving average is $22.30 and its 200-day moving average is $18.79.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Wolverine World Wide had a negative net margin of 3.80% and a positive return on equity of 6.37%. During the same period last year, the business earned ($0.30) EPS. Equities analysts anticipate that Wolverine World Wide will post 0.9 earnings per share for the current year.

Wolverine World Wide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s payout ratio is -44.94%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WWW shares. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and increased their price objective for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.38.

Insider Transactions at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was 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. This trade represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.28% of the company’s stock.

About Wolverine World Wide

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.