Whirlpool Corporation (WHR) Expected to Post Earnings of $4.19 Per Share
Wall Street analysts expect Whirlpool Corporation (NYSE:WHR) to report earnings per share (EPS) of $4.19 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Whirlpool Corporation’s earnings, with estimates ranging from $3.95 to $4.67. Whirlpool Corporation posted earnings per share of $4.33 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The company is expected to issue its next earnings report on Thursday, January 25th.
On average, analysts expect that Whirlpool Corporation will report full year earnings of $13.86 per share for the current financial year, with EPS estimates ranging from $13.60 to $14.52. For the next fiscal year, analysts anticipate that the business will report earnings of $15.79 per share, with EPS estimates ranging from $15.20 to $16.94. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Whirlpool Corporation.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the business posted $3.66 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis.
A number of research analysts have weighed in on WHR shares. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $209.00 price objective on shares of Whirlpool Corporation in a research note on Tuesday, October 10th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, MKM Partners set a $177.00 price objective on shares of 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 given a hold rating and two have issued a buy rating to the stock. Whirlpool Corporation presently has a consensus rating of “Hold” and an average price target of $184.67.
Whirlpool Corporation (NYSE:WHR) opened at $163.86 on Friday. Whirlpool Corporation has a 12 month low of $151.23 and a 12 month high of $202.99. The firm has a market cap of $11,775.44, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.59 and a beta of 1.87. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65.
Whirlpool Corporation declared that its board has authorized a share repurchase plan on Wednesday, July 26th that permits the company to buyback $2.35 billion in outstanding shares. This buyback authorization permits the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s payout ratio is currently 41.47%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WHR. Dupont Capital Management Corp bought a new position in shares of Whirlpool Corporation during the second quarter valued at about $100,000. Sun Life Financial INC lifted its position in shares of Whirlpool Corporation by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after purchasing an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Whirlpool Corporation by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after purchasing an additional 135 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in Whirlpool Corporation during the second quarter worth about $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in Whirlpool Corporation during the second quarter worth about $191,000. 93.18% of the stock is currently owned by institutional investors.
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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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