Wolverine World Wide (WWW) to Release Earnings on Thursday

Wolverine World Wide (NYSE:WWW - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect Wolverine World Wide to post earnings of $0.16 per share and revenue of $395.94 million for the quarter. Wolverine World Wide has set its FY 2025 guidance at 1.050-1.200 EPS and its FY25 guidance at $1.05-1.20 EPS.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its earnings results on Wednesday, February 19th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $494.70 million during the quarter, compared to analyst estimates of $485.74 million. Wolverine World Wide had a net margin of 2.73% and a return on equity of 26.81%. The firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.30) earnings per share. On average, analysts expect Wolverine World Wide to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Wolverine World Wide Price Performance

WWW traded up $0.90 during trading on Friday, reaching $14.05. The stock had a trading volume of 2,086,548 shares, compared to its average volume of 1,317,208. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.77 and a current ratio of 1.29. The stock has a market cap of $1.14 billion, a PE ratio of 25.55 and a beta of 1.74. The business has a 50-day moving average of $12.98 and a 200-day moving average of $18.20. Wolverine World Wide has a one year low of $9.58 and a one year high of $24.64.

Wolverine World Wide Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Tuesday, July 1st. Wolverine World Wide's payout ratio is currently 72.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WWW. Robert W. Baird raised Wolverine World Wide from a "neutral" rating to an "outperform" rating and set a $15.00 price objective on the stock in a research note on Monday, April 21st. Baird R W upgraded shares of Wolverine World Wide from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 21st. UBS Group upped their price objective on shares of Wolverine World Wide from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. StockNews.com cut Wolverine World Wide from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $17.00 price target on shares of Wolverine World Wide in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Wolverine World Wide currently has an average rating of "Moderate Buy" and an average target price of $18.13.

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.