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

Wolverine World Wide (NYSE:WWW) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.05-1.20 for the period, compared to the consensus EPS 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 Stock Down 3.1 %

NYSE:WWW traded down $0.48 during trading hours on Thursday, reaching $15.14. 542,624 shares of the stock were exchanged, compared to its average volume of 1,253,290. 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 current ratio of 1.23 and a quick ratio of 0.77. The firm has a 50 day moving average of $22.05 and a 200 day moving average of $18.80. The stock has a market cap of $1.21 billion, a PE ratio of -17.05 and a beta of 1.88.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. Wolverine World Wide had a positive return on equity of 6.37% and a negative net margin of 3.80%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) EPS. On average, equities analysts expect that Wolverine World Wide will post 0.9 earnings per share for the current year.

Wolverine World Wide Announces Dividend

The business 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. This represents a $0.40 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, April 1st. Wolverine World Wide’s payout ratio is presently -44.94%.

Analysts Set New Price Targets

Several research firms have recently commented on WWW. UBS Group cut their price objective on Wolverine World Wide from $29.00 to $26.00 and set a “buy” rating for the company in a report on Thursday. 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 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 Wolverine World Wide from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and raised their price target for the company 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Insiders Place Their Bets

In other Wolverine World Wide news, insider Isabel Soriano sold 7,687 shares of the 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 owns 34,206 shares in the company, valued at $806,235.42. This trade represents a 18.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.