What is Seaport Res Ptn's Forecast for WWW FY2025 Earnings?

Key Points

• Seaport Res Ptn has increased its FY2025 EPS forecast for Wolverine World Wide to $1.10 from $1.00, while the consensus estimate is $1.23 per share.
• The company reported a net margin of 4.15% and a return on equity of 28.74%, with quarterly revenue of $412.30 million surpassing estimates.
• Wolverine World Wide announced a quarterly dividend of $0.10 per share, reflecting a 1.7% dividend yield and a payout ratio of approximately 46%.

Wolverine World Wide, Inc. (NYSE:WWW - Free Report) - Equities researchers at Seaport Res Ptn boosted their FY2025 EPS estimates for shares of Wolverine World Wide in a research note issued to investors on Sunday, August 3rd. Seaport Res Ptn analyst M. Kummetz now forecasts that the textile maker will post earnings of $1.10 per share for the year, up from their prior forecast of $1.00. The consensus estimate for Wolverine World Wide's current full-year earnings is $1.23 per share. Seaport Res Ptn also issued estimates for Wolverine World Wide's FY2026 earnings at $1.53 EPS and FY2027 earnings at $2.00 EPS.

Wolverine World Wide (NYSE:WWW - Get Free Report) last released its earnings results on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.07. Wolverine World Wide had a net margin of 4.15% and a return on equity of 28.74%. The company had revenue of $412.30 million for the quarter, compared to the consensus estimate of $395.94 million. During the same quarter in the previous year, the company earned $0.11 EPS. Wolverine World Wide's quarterly revenue was up 4.4% compared to the same quarter last year.

WWW has been the topic of a number of other research reports. Argus upgraded shares of Wolverine World Wide from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a research report on Friday, May 16th. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Stifel Nicolaus lowered their price objective on shares of Wolverine World Wide from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group restated a "market perform" rating and set a $17.00 price objective on shares of Wolverine World Wide in a report on Wednesday, July 30th. Finally, Piper Sandler lowered their price objective on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wolverine World Wide currently has an average rating of "Moderate Buy" and an average target price of $20.75.

Wolverine World Wide Stock Up 3.3%

Wolverine World Wide stock opened at $22.90 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 1.76. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $24.64. The firm's fifty day moving average is $19.19 and its 200 day moving average is $16.94. The company has a market capitalization of $1.86 billion, a PE ratio of 26.32 and a beta of 1.74.

Institutional Trading of Wolverine World Wide

Institutional investors have recently made changes to their positions in the company. Natixis bought a new stake in shares of Wolverine World Wide in the 4th quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wolverine World Wide in the 4th quarter worth $64,000. Hilltop National Bank bought a new stake in shares of Wolverine World Wide in the 2nd quarter worth $85,000. PNC Financial Services Group Inc. grew its stake in shares of Wolverine World Wide by 10.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,132 shares of the textile maker's stock worth $127,000 after acquiring an additional 863 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Wolverine World Wide by 48.7% in the 2nd quarter. GAMMA Investing LLC now owns 8,000 shares of the textile maker's stock worth $145,000 after acquiring an additional 2,619 shares in the last quarter. Institutional investors own 90.25% of the company's stock.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Wolverine World Wide's dividend payout ratio is presently 45.98%.

Wolverine World Wide Company Profile

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.

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