Whirlpool Co. (NYSE:WHR) Expected to Post Quarterly Sales of $3.39 Billion

Analysts expect Whirlpool Co. (NYSE:WHR) to announce $3.39 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for Whirlpool’s earnings. The lowest sales estimate is $3.10 billion and the highest is $3.64 billion. Whirlpool reported sales of $5.19 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.7%. The company is expected to issue its next earnings report after the market closes on Wednesday, July 22nd.

On average, analysts expect that Whirlpool will report full year sales of $16.87 billion for the current financial year, with estimates ranging from $16.42 billion to $17.35 billion. For the next financial year, analysts expect that the business will post sales of $18.01 billion, with estimates ranging from $17.77 billion to $18.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Whirlpool.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.82 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.82. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Whirlpool had a net margin of 4.33% and a return on equity of 25.56%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.11 earnings per share.

Several brokerages recently weighed in on WHR. ValuEngine raised shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Monday, March 30th. Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, March 25th. Longbow Research dropped their price target on Whirlpool from $178.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Bank of America increased their price target on Whirlpool from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Finally, Royal Bank of Canada increased their price target on Whirlpool from $71.00 to $80.00 and gave the stock an “underperform” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Whirlpool has a consensus rating of “Hold” and a consensus target price of $123.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. increased its stake in shares of Whirlpool by 255.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock valued at $17,483,000 after buying an additional 94,587 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Whirlpool in the fourth quarter valued at about $252,000. First Allied Advisory Services Inc. raised its holdings in Whirlpool by 7.1% during the fourth quarter. First Allied Advisory Services Inc. now owns 2,252 shares of the company’s stock worth $329,000 after acquiring an additional 150 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Whirlpool during the fourth quarter worth about $332,000. Finally, Tredje AP fonden increased its position in Whirlpool by 1,019.7% during the fourth quarter. Tredje AP fonden now owns 2,553 shares of the company’s stock worth $377,000 after buying an additional 2,325 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:WHR traded up $2.13 during mid-day trading on Friday, hitting $129.28. The stock had a trading volume of 19,032 shares, compared to its average volume of 742,377. The stock has a 50-day simple moving average of $122.61 and a two-hundred day simple moving average of $125.91. The company has a market capitalization of $7.63 billion, a PE ratio of 9.55, a PEG ratio of 0.75 and a beta of 1.98. Whirlpool has a twelve month low of $64.00 and a twelve month high of $163.64. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 1.35.

The business also recently disclosed 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, May 14th. Whirlpool’s dividend payout ratio is 30.00%.

About Whirlpool

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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