Wolverine World Wide (NYSE:WWW) Releases 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Wolverine World Wide in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their target price for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Wolverine World Wide has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Wolverine World Wide Price Performance

NYSE WWW opened at $18.76 on Wednesday. Wolverine World Wide has a twelve month low of $8.25 and a twelve month high of $24.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. The stock has a market capitalization of $1.50 billion, a PE ratio of -21.07 and a beta of 1.88. The stock has a 50-day simple moving average of $22.30 and a 200 day simple moving average of $18.79.

Wolverine World Wide Announces Dividend

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

Insider Buying and Selling

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the transaction, the insider now owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.28% of the stock is owned by 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.