$3.83 EPS Expected for Whirlpool Co. (WHR) This Quarter
Equities research analysts expect Whirlpool Co. (NYSE:WHR) to announce earnings per share (EPS) of $3.83 for the current quarter, Zacks reports. Two analysts have made estimates for Whirlpool’s earnings, with the lowest EPS estimate coming in at $3.59 and the highest estimate coming in at $4.00. Whirlpool posted earnings per share of $3.35 during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is scheduled to announce its next earnings results after the market closes on Monday, July 23rd.
On average, analysts expect that Whirlpool will report full-year earnings of $15.25 per share for the current fiscal year, with EPS estimates ranging from $15.00 to $15.50. For the next year, analysts anticipate that the business will post earnings of $17.49 per share, with EPS estimates ranging from $17.06 to $18.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Whirlpool.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, April 23rd. The company reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.15). Whirlpool had a net margin of 1.36% and a return on equity of 19.07%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.95 billion. During the same quarter last year, the business posted $2.50 EPS. Whirlpool’s quarterly revenue was up 2.6% compared to the same quarter last year.
In related news, EVP Joseph T. Liotine sold 1,950 shares of the stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $155.85, for a total value of $303,907.50. Following the completion of the transaction, the executive vice president now owns 15,954 shares of the company’s stock, valued at $2,486,430.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.83% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of WHR. Assetmark Inc. boosted its holdings in Whirlpool by 88.1% in the first quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $109,000 after purchasing an additional 334 shares during the last quarter. Clearwater Capital Advisors LLC bought a new position in Whirlpool during the 1st quarter worth approximately $126,000. Valeo Financial Advisors LLC lifted its holdings in Whirlpool by 49.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,051 shares of the company’s stock worth $177,000 after buying an additional 350 shares during the last quarter. Ostrum Asset Management bought a new position in Whirlpool during the 1st quarter worth approximately $192,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in Whirlpool by 58.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,326 shares of the company’s stock worth $203,000 after buying an additional 491 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.
Shares of WHR stock traded up $0.67 during trading hours on Friday, reaching $144.65. The company had a trading volume of 695,348 shares, compared to its average volume of 1,468,132. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.53 and a current ratio of 0.90. Whirlpool has a twelve month low of $143.11 and a twelve month high of $200.61. The firm has a market cap of $10.19 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.99 and a beta of 1.80.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, May 18th were issued a $1.15 dividend. The ex-dividend date was Thursday, May 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.18%. This is an increase from Whirlpool’s previous quarterly dividend of $1.10. Whirlpool’s dividend payout ratio is currently 33.48%.
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.
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