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 17.0 %

Shares of WWW stock traded down $3.18 during mid-day trading on Wednesday, reaching $15.55. 5,594,094 shares of the company’s stock traded hands, compared to its average volume of 1,280,003. Wolverine World Wide has a 12 month low of $8.25 and a 12 month high of $24.64. The company has a market cap of $1.24 billion, a P/E ratio of -17.47 and a beta of 1.88. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The company’s 50-day moving average price is $22.30 and its 200-day moving average price is $18.79.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results 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 firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a positive return on equity of 6.37% and a negative net margin of 3.80%. Wolverine World Wide’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) EPS. On average, equities analysts expect that Wolverine World Wide will post 0.9 earnings per share for the current fiscal year.

Wolverine World Wide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WWW. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a research report on Wednesday. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Finally, StockNews.com downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and seven have assigned 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 $20.38.

Insider Transactions at Wolverine World Wide

In other 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 transaction of $181,182.59. Following the sale, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.