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 Stock Down 17.0 %

NYSE WWW traded down $3.18 during trading on Wednesday, reaching $15.55. The company’s stock had a trading volume of 5,593,712 shares, compared to its average volume of 1,252,843. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.24 billion, a PE ratio of -17.47 and a beta of 1.88. The business has a 50-day moving average price of $22.30 and a 200-day moving average price of $18.79. Wolverine World Wide has a 1-year low of $8.25 and a 1-year high of $24.64.

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

Wolverine World Wide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a 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 Upgrades and Downgrades

A number of analysts have recently weighed in on WWW shares. StockNews.com cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Wolverine World Wide in a research note on Wednesday. Finally, Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Four 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.38.

Insider Activity at Wolverine World Wide

In related news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares in the company, valued at $806,235.42. This represents a 18.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.