Wolverine World Wide (NYSE:WWW) Announces Quarterly Earnings Results, Meets Expectations

Wolverine World Wide (NYSE:WWW) announced its quarterly earnings results on Wednesday. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42, RTT News reports. Wolverine World Wide had a positive return on equity of 6.37% and a negative net margin of 3.80%. The business had revenue of $494.70 million during the quarter, compared to the consensus estimate of $485.74 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. Wolverine World Wide’s revenue was down 6.1% compared to the same quarter last year. Wolverine World Wide updated its FY 2025 guidance to 1.050-1.200 EPS.

Wolverine World Wide Stock Performance

NYSE:WWW traded down $3.36 during trading on Wednesday, reaching $15.37. The company’s stock had a trading volume of 4,396,035 shares, compared to its average volume of 1,235,228. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -17.22 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. The firm has a 50 day moving average of $22.30 and a 200-day moving average of $18.79. Wolverine World Wide has a 12 month low of $8.25 and a 12 month high of $24.64.

Wolverine World Wide Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.60%. Wolverine World Wide’s dividend payout ratio (DPR) is presently -44.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports 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 reiterated a “market perform” rating and set a $23.00 price target on shares of Wolverine World Wide in a report on Wednesday. Finally, 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 report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Wolverine World Wide presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Insider Buying and Selling at Wolverine World Wide

In other news, insider Isabel Soriano sold 7,687 shares of the company’s 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 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 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.