Whirlpool (NYSE:WHR) Posts Quarterly Earnings Results, Beats Expectations By $0.64 EPS

Whirlpool (NYSE:WHR) announced its earnings results on Tuesday. The company reported $6.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.00 by $0.64, MarketWatch Earnings reports. Whirlpool had a net margin of 6.65% and a return on equity of 32.25%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis.

Whirlpool stock traded down $2.32 during midday trading on Thursday, hitting $214.93. 87,720 shares of the company’s stock were exchanged, compared to its average volume of 537,250. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 0.97. Whirlpool has a 12 month low of $143.27 and a 12 month high of $257.68. The business’s 50-day moving average price is $226.21. The firm has a market cap of $13.46 billion, a P/E ratio of 10.15, a PEG ratio of 1.15 and a beta of 1.87.

In other news, CFO James W. Peters sold 37,496 shares of the firm’s stock in a transaction dated Wednesday, April 28th. The shares were sold at an average price of $235.91, for a total value of $8,845,681.36. Also, EVP Gilles Morel sold 5,086 shares of the firm’s stock in a transaction dated Friday, April 23rd. The shares were sold at an average price of $240.23, for a total transaction of $1,221,809.78. Following the completion of the sale, the executive vice president now owns 2,293 shares in the company, valued at $550,847.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 210,609 shares of company stock worth $50,730,909. 1.35% of the stock is owned by company insiders.

Several brokerages have recently weighed in on WHR. JPMorgan Chase & Co. increased their target price on shares of Whirlpool from $258.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. Royal Bank of Canada raised their price target on shares of Whirlpool from $201.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 23rd. Finally, Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $209.50.

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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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Earnings History for Whirlpool (NYSE:WHR)

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