Wolverine World Wide, Inc. (NYSE:WWW) is expected to post earnings of $1.41 per share in fiscal 2025

VaselineAugust 10, 2024

0 4 minutes read

Wolverine World Wide, Inc. (NYSE:WWW – Free Report) – Analysts at Seaport Res Ptn increased their FY2025 earnings per share estimates for Wolverine World Wide in a research report issued to clients and investors on Wednesday, August 7th. Seaport Res Ptn analyst M. Kummetz now expects that the textile maker will post earnings per share of $1.41 for the year, up from their prior estimate of $1.35. Seaport Res Ptn currently has a “Buy” rating on the stock. The consensus estimate for Wolverine World Wide’s current full-year earnings is $0.82 per share. Seaport Res Ptn also issued estimates for Wolverine World Wide’s FY2026 earnings at $1.86 EPS.

Wolverine World Wide (NYSE:WWW – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Wolverine World Wide had a positive return on equity of 0.53% and a negative net margin of 3.59%. The company had revenue of $425.40 million for the quarter, compared to analyst estimates of $411.20 million. In the same quarter last year, the company posted earnings of $0.19 per share. The company’s quarterly revenue was down 27.8% compared to the same quarter last year.

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Several other brokerages have also commented on WWW. Williams Trading raised Wolverine World Wide from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.00 to $16.00 in a research note on Thursday, 9 May. KeyCorp raised Wolverine World Wide from a “sector weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Thursday. Robert W. Baird boosted their price target on Wolverine World Wide from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group raised Wolverine World Wide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $20.00 in a research note on Friday, 19 July. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $14.00 target price on shares of Wolverine World Wide in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Wolverine World Wide currently has a consensus rating of “Hold” and an average price target of $13.80, based on data from MarketBeat.

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Wolverine World Wide Stock Performance

WWW traded down $0.41 during trading on Friday, reaching $12.59. The company’s stock had a trading volume of 1,040,011 shares, compared to its average volume of 1,027,173. Wolverine World Wide has a 52 week low of $7.21 and a 52 week high of $15.23. The company’s fifty day moving average price is $13.38 and its 200 day moving average price is $11.49. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -13.54 and a beta of 1.76. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.65, and a current ratio of 1.13.

Wolverine World Wide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents an annualized dividend of $0.40 and a dividend yield of 3.18%. Wolverine World Wide’s dividend payout ratio is currently -43.01%.

Insider buying and selling

In other Wolverine World Wide news, insider Isabel Soriano sold 3,201 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $13.89, for a total value of $44,461.89. Following the completion of the transaction, the insider now directly owns 26,519 shares in the company, valued at approximately $368,348.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.28% of the company’s shares.

Institutional inputs and outputs

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Wolverine World Wide in the 4th quarter worth $26,000. Central Pacific Bank Trust Division acquired a new stake in shares of Wolverine World Wide in the first quarter worth $81,000. Natixis purchased a new stake in shares of Wolverine World Wide in the first quarter worth $112,000. EntryPoint Capital LLC acquired a new stake in shares of Wolverine World Wide in the first quarter worth $141,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Wolverine World Wide in the 4th quarter valued at $124,000. 90.25% of the shares are currently held by institutional investors and hedge funds.

Wolverine World Wide Company Profile

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Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses and distributes footwear, apparel and accessories in the United States, Europe, the Middle East, Africa, Asia Pacific, Canada and Latin America. It works through the Active Group and Workgroup segments. The company offers footwear and casual clothing; outdoor and athletic performance footwear and apparel; children’s footwear; Industrial work boots and clothing; and uniform shoes and boots.