Analysts Expect Whirlpool Corporation (WHR) Will Announce Quarterly Sales of $5.89 Billion
Brokerages expect Whirlpool Corporation (NYSE:WHR) to post sales of $5.89 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Whirlpool Corporation’s earnings. The lowest sales estimate is $5.75 billion and the highest is $5.96 billion. Whirlpool Corporation posted sales of $5.66 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The company is scheduled to issue its next earnings report on Thursday, January 25th.
According to Zacks, analysts expect that Whirlpool Corporation will report full-year sales of $5.89 billion for the current financial year, with estimates ranging from $21.22 billion to $21.58 billion. For the next fiscal year, analysts expect that the firm will post sales of $21.88 billion per share, with estimates ranging from $21.19 billion to $22.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Whirlpool Corporation.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the business earned $3.66 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year.
WHR has been the subject of several recent analyst reports. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada downgraded Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and lowered their target price for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $184.67.
Whirlpool Corporation (NYSE:WHR) traded up $1.18 during trading hours on Friday, reaching $167.82. The company’s stock had a trading volume of 336,316 shares, compared to its average volume of 783,972. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $11,975.21, a price-to-earnings ratio of 11.89, a PEG ratio of 1.68 and a beta of 1.87. Whirlpool Corporation has a one year low of $158.80 and a one year high of $202.99.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a yield of 2.62%. Whirlpool Corporation’s payout ratio is currently 41.47%.
Hedge funds have recently modified their holdings of the business. PGGM Investments boosted its stake in Whirlpool Corporation by 0.6% in the third quarter. PGGM Investments now owns 188,413 shares of the company’s stock valued at $34,751,000 after acquiring an additional 1,094 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Whirlpool Corporation by 0.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after buying an additional 1,038 shares during the last quarter. Homrich & Berg raised its holdings in shares of Whirlpool Corporation by 16.6% during the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after buying an additional 446 shares during the last quarter. BT Investment Management Ltd bought a new stake in shares of Whirlpool Corporation during the second quarter valued at approximately $2,065,000. Finally, Greenhaven Associates Inc. raised its holdings in shares of Whirlpool Corporation by 0.6% during the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after buying an additional 17,280 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
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Whirlpool Corporation Company Profile
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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