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 EPS guidance of 1.050-1.200 for the period, compared to the consensus EPS 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 2.8 %

Shares of Wolverine World Wide stock opened at $15.18 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 1.79. Wolverine World Wide has a 52-week low of $8.25 and a 52-week high of $24.64. The company has a market capitalization of $1.22 billion, a P/E ratio of 27.60 and a beta of 1.88. The company has a 50 day moving average of $21.88 and a 200 day moving average of $18.78.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) EPS. As a group, research analysts forecast that Wolverine World Wide will post 1.13 EPS for the current fiscal year.

Wolverine World Wide Announces Dividend

The firm 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 $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 dividend yield of 2.64%. Wolverine World Wide’s payout ratio is currently 72.73%.

Analysts Set New Price Targets

WWW has been the subject of a number of research analyst reports. UBS Group lowered their price target on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Robert W. Baird cut their price target on shares of Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday. Finally, Stifel Nicolaus raised 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. Four equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Insider Activity

In other news, insider Isabel Soriano sold 7,687 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 34,206 shares in the company, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.