Whirlpool Co. (WHR) Expected to Announce Earnings of $4.01 Per Share
Equities analysts expect Whirlpool Co. (NYSE:WHR) to post earnings of $4.01 per share for the current quarter, according to Zacks. Three analysts have made estimates for Whirlpool’s earnings. The lowest EPS estimate is $3.95 and the highest is $4.13. Whirlpool reported earnings of $4.33 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.4%. The firm is expected to report its next earnings report after the market closes on Thursday, January 25th.
According to Zacks, analysts expect that Whirlpool will report full-year earnings of $13.68 per share for the current financial year, with EPS estimates ranging from $13.60 to $13.78. For the next year, analysts expect that the firm will post earnings of $15.37 per share, with EPS estimates ranging from $15.00 to $15.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Whirlpool.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the firm earned $3.66 EPS. The company’s revenue was up 3.2% on a year-over-year basis.
A number of brokerages have recently issued reports on WHR. Credit Suisse Group set a $187.00 price objective on shares of Whirlpool and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective for the company. in a research report on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and set a $209.00 price objective on shares of Whirlpool in a research report on Tuesday, October 10th. Finally, MKM Partners set a $177.00 price objective on shares of Whirlpool and gave the company a “hold” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Whirlpool currently has an average rating of “Hold” and an average target price of $183.60.
Shares of Whirlpool (WHR) opened at $172.75 on Friday. Whirlpool has a 1 year low of $158.80 and a 1 year high of $202.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90. The stock has a market cap of $12,410.00, a price-to-earnings ratio of 16.30, a PEG ratio of 1.52 and a beta of 1.87.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.55%. The ex-dividend date was Thursday, November 16th. Whirlpool’s dividend payout ratio is currently 41.51%.
A number of institutional investors have recently modified their holdings of WHR. Sun Life Financial INC boosted its holdings in Whirlpool by 7,628.6% in the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after buying an additional 534 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Whirlpool by 26.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after buying an additional 135 shares during the period. Valeo Financial Advisors LLC bought a new position in Whirlpool in the 3rd quarter worth $129,000. Westwood Holdings Group Inc. bought a new position in Whirlpool in the 2nd quarter worth $153,000. Finally, WESPAC Advisors SoCal LLC bought a new position in Whirlpool in the 2nd quarter worth $191,000. 92.37% of the stock is owned by institutional investors.
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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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