KeyCorp Comments on Whirlpool Co.’s FY2019 Earnings (WHR)

Whirlpool Co. (NYSE:WHR) – Research analysts at KeyCorp decreased their FY2019 earnings per share (EPS) estimates for shares of Whirlpool in a research report issued on Monday, October 29th. KeyCorp analyst K. Zener now forecasts that the company will earn $16.18 per share for the year, down from their prior forecast of $16.82.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.79. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. Whirlpool’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.83 EPS.

Several other brokerages also recently commented on WHR. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. Standpoint Research assumed coverage on Whirlpool in a research report on Tuesday, July 10th. They issued a “buy” rating on the stock. Longbow Research downgraded Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price objective on the stock. in a research report on Tuesday, July 24th. Credit Suisse Group set a $175.00 price objective on Whirlpool and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Royal Bank of Canada downgraded Whirlpool from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $144.88.

Shares of Whirlpool stock opened at $114.11 on Thursday. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87. Whirlpool has a 52 week low of $102.13 and a 52 week high of $187.47.

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Friday, November 16th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 15th. Whirlpool’s payout ratio is 33.48%.

Institutional investors and hedge funds have recently bought and sold shares of the company. NuWave Investment Management LLC bought a new position in shares of Whirlpool during the 3rd quarter worth $107,000. Piedmont Investment Advisors LLC bought a new position in shares of Whirlpool during the 2nd quarter worth $111,000. FNY Investment Advisers LLC bought a new position in shares of Whirlpool during the 2nd quarter worth $123,000. Norway Savings Bank bought a new position in shares of Whirlpool during the 2nd quarter worth $132,000. Finally, First Hawaiian Bank bought a new position in shares of Whirlpool during the 3rd quarter worth $160,000. 93.04% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

Further Reading: Balance Sheet

Earnings History and Estimates for Whirlpool (NYSE:WHR)

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