Wolverine World Wide (NYSE:WWW) Posts Earnings Results, Meets Expectations

Wolverine World Wide (NYSE:WWW) announced its quarterly earnings results on Wednesday. The textile maker reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42, RTT News reports. Wolverine World Wide had a negative net margin of 3.80% and a positive return on equity of 6.37%. The firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. During the same period in the previous year, the business posted ($0.30) earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Wolverine World Wide updated its FY 2025 guidance to 1.050-1.200 EPS and its FY25 guidance to $1.05-1.20 EPS.

Wolverine World Wide Price Performance

Shares of NYSE:WWW opened at $15.55 on Thursday. 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 1-year low of $8.25 and a 1-year high of $24.64. The company has a market capitalization of $1.24 billion, a P/E ratio of -17.47 and a beta of 1.88. The firm’s 50 day simple moving average is $22.05 and its two-hundred day simple moving average is $18.80.

Wolverine World Wide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, April 1st. Wolverine World Wide’s dividend payout ratio is currently -44.94%.

Insider Activity

In other 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 transaction of $181,182.59. Following the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.28% of the company’s stock.

Analysts Set New Price Targets

WWW has been the topic of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a report on Wednesday. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Stifel Nicolaus raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a report on Wednesday, December 11th. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Wolverine World Wide has a consensus rating of “Moderate Buy” and a consensus price target of $20.75.

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.