Wall Street analysts expect Whirlpool Co. (NYSE:WHR) to post $5.02 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Whirlpool’s earnings. The highest sales estimate is $5.16 billion and the lowest is $4.89 billion. Whirlpool reported sales of $4.79 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is expected to issue its next quarterly earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Whirlpool will report full year sales of $5.02 billion for the current financial year, with estimates ranging from $21.78 billion to $22.40 billion. For the next financial year, analysts anticipate that the firm will post sales of $22.57 billion per share, with estimates ranging from $22.44 billion to $22.80 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Whirlpool.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $4.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.01 by $0.09. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Whirlpool had a net margin of 1.65% and a return on equity of 18.36%. Whirlpool’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.33 EPS.
A number of analysts recently weighed in on the stock. KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a research note on Monday, January 29th. Royal Bank of Canada increased their price target on shares of Whirlpool to $200.00 and gave the stock an “in-line” rating in a research note on Monday, January 29th. Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Friday, January 26th. UBS Group upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Whirlpool has an average rating of “Hold” and an average target price of $189.40.
Hedge funds have recently added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new stake in shares of Whirlpool in the 4th quarter worth $101,000. Cerebellum GP LLC acquired a new stake in shares of Whirlpool in the 4th quarter worth $128,000. Valeo Financial Advisors LLC acquired a new stake in shares of Whirlpool in the 3rd quarter worth $129,000. Clear Perspective Advisors LLC lifted its stake in shares of Whirlpool by 74.6% in the 4th quarter. Clear Perspective Advisors LLC now owns 1,170 shares of the company’s stock worth $197,000 after acquiring an additional 500 shares during the period. Finally, Moors & Cabot Inc. acquired a new stake in shares of Whirlpool in the 4th quarter worth $211,000. Institutional investors own 90.19% of the company’s stock.
Shares of Whirlpool (NYSE:WHR) traded up $5.28 during trading hours on Wednesday, reaching $164.06. 973,205 shares of the company were exchanged, compared to its average volume of 898,793. The firm has a market cap of $11,223.86, a PE ratio of 35.98, a P/E/G ratio of 0.86 and a beta of 1.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.58 and a current ratio of 0.93. Whirlpool has a 12-month low of $156.37 and a 12-month high of $202.99.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, March 1st. Whirlpool’s dividend payout ratio (DPR) is presently 96.49%.
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Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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