Wolverine World Wide (NYSE:WWW) Releases FY25 Earnings Guidance

Wolverine World Wide (NYSE:WWW) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.05-1.20 for the period, compared to the consensus estimate of $1.34. The company issued revenue guidance of ~$1.795-1.825 billion, compared to the consensus revenue estimate of $1.86 billion. Wolverine World Wide also updated its FY 2025 guidance to 1.050-1.200 EPS.

Wolverine World Wide Price Performance

WWW traded down $3.18 on Wednesday, reaching $15.55. The company had a trading volume of 5,594,094 shares, compared to its average volume of 1,280,003. The business has a 50 day simple moving average of $22.30 and a 200 day simple moving average of $18.79. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -17.47 and a beta of 1.88. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide has a 52-week low of $8.25 and a 52-week high of $24.64.

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

Wolverine World Wide Dividend Announcement

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

Analyst Ratings Changes

WWW has been the topic of several research reports. StockNews.com downgraded shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Stifel Nicolaus raised shares of 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. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.38.

Insider Activity at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of Wolverine World Wide 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 sale, the insider now owns 34,206 shares in the company, valued at $806,235.42. The trade was a 18.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.28% of the stock is currently owned by company insiders.

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.