Wolverine World Wide (NYSE:WWW) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Wolverine World Wide (NYSE:WWW - Get Free Report) posted its earnings results on Thursday, May 8th. The textile maker reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.07, Zacks reports. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The company had revenue of $412.30 million during the quarter, compared to analysts' expectations of $395.94 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Wolverine World Wide's revenue for the quarter was up 4.4% compared to the same quarter last year. Wolverine World Wide updated its Q2 2025 guidance to 0.190-0.240 EPS.

Wolverine World Wide Stock Performance

Shares of NYSE WWW traded down $0.15 during trading on Thursday, reaching $16.33. 186,882 shares of the company traded hands, compared to its average volume of 1,337,173. The stock has a market cap of $1.32 billion, a P/E ratio of 29.67 and a beta of 1.62. The firm's fifty day simple moving average is $13.16 and its 200 day simple moving average is $18.15. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 1.79. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $24.64.

Wolverine World Wide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.45%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide's dividend payout ratio is currently 45.98%.

Wall Street Analysts Forecast Growth

WWW has been the subject of a number of recent analyst reports. StockNews.com cut Wolverine World Wide from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Baird R W upgraded Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Robert W. Baird increased their price objective on shares of Wolverine World Wide from $15.00 to $20.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Piper Sandler lowered their target price on shares of Wolverine World Wide from $27.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, UBS Group upped their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.71.

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.