Brokerages expect that Whirlpool Co. (NYSE:WHR) will announce earnings per share (EPS) of $2.61 for the current quarter, according to Zacks. Four analysts have made estimates for Whirlpool’s earnings, with the highest EPS estimate coming in at $2.80 and the lowest estimate coming in at $2.34. Whirlpool reported earnings of $4.01 per share in the same quarter last year, which suggests a negative year over year growth rate of 34.9%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 22nd.
According to Zacks, analysts expect that Whirlpool will report full-year earnings of $9.79 per share for the current financial year, with EPS estimates ranging from $8.28 to $11.57. For the next fiscal year, analysts anticipate that the firm will report earnings of $12.89 per share, with EPS estimates ranging from $11.98 to $14.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Whirlpool.
Whirlpool (NYSE:WHR) last released its earnings results on Thursday, April 30th. The company reported $2.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.82. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.30 billion. Whirlpool had a return on equity of 25.56% and a net margin of 4.33%. Whirlpool’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.11 earnings per share.
Several research firms recently commented on WHR. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating and set a $133.00 price objective on the stock in a research note on Saturday, May 30th. Longbow Research dropped their price objective on Whirlpool from $178.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Royal Bank of Canada upped their price objective on Whirlpool from $71.00 to $80.00 and gave the company an “underperform” rating in a research note on Monday, May 4th. Deutsche Bank dropped their target price on Whirlpool from $115.00 to $109.00 and set a “hold” rating on the stock in a research report on Tuesday, June 23rd. Finally, Credit Suisse Group increased their target price on Whirlpool from $90.00 to $103.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $123.44.
Several institutional investors have recently bought and sold shares of WHR. Royal Bank of Canada lifted its holdings in Whirlpool by 76.1% in the first quarter. Royal Bank of Canada now owns 118,802 shares of the company’s stock worth $10,194,000 after buying an additional 51,340 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Whirlpool by 2.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 9,756 shares of the company’s stock worth $837,000 after buying an additional 200 shares during the period. 1832 Asset Management L.P. purchased a new stake in Whirlpool in the first quarter worth about $823,000. Quantum Capital Management lifted its holdings in Whirlpool by 3.2% in the first quarter. Quantum Capital Management now owns 6,977 shares of the company’s stock worth $599,000 after buying an additional 217 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Whirlpool by 48.0% during the first quarter. HighTower Advisors LLC now owns 29,341 shares of the company’s stock valued at $2,512,000 after purchasing an additional 9,515 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.
Whirlpool stock traded up $2.13 during trading on Thursday, hitting $129.28. The stock had a trading volume of 19,032 shares, compared to its average volume of 742,377. Whirlpool has a 1 year low of $64.00 and a 1 year high of $163.64. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average is $122.61 and its two-hundred day moving average is $125.91. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.75 and a beta of 1.98.
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, May 14th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.71%. Whirlpool’s dividend payout ratio is currently 30.00%.
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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