Analysts Expect Whirlpool Co. (WHR) Will Post Earnings of $4.30 Per Share

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Wall Street brokerages expect Whirlpool Co. (NYSE:WHR) to post earnings per share of $4.30 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Whirlpool’s earnings, with the lowest EPS estimate coming in at $4.11 and the highest estimate coming in at $4.49. Whirlpool posted earnings per share of $4.10 in the same quarter last year, which would suggest a positive year over year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that Whirlpool will report full year earnings of $14.59 per share for the current financial year, with EPS estimates ranging from $14.51 to $14.65. For the next year, analysts anticipate that the firm will report earnings of $16.18 per share, with EPS estimates ranging from $15.15 to $16.90. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Whirlpool.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.76 by $0.79. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 earnings per share.

A number of research firms have recently issued reports on WHR. MKM Partners set a $146.00 target price on Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 16th. Zacks Investment Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 25th. Credit Suisse Group reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Whirlpool in a report on Wednesday, November 28th. They noted that the move was a valuation call. Cleveland Research reaffirmed a “hold” rating on shares of Whirlpool in a report on Wednesday, October 10th. Finally, Royal Bank of Canada set a $111.00 price objective on Whirlpool and gave the stock a “hold” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $144.88.

Shares of NYSE:WHR traded down $1.18 during trading on Friday, reaching $120.37. The company had a trading volume of 539,467 shares, compared to its average volume of 868,788. The firm has a market cap of $7.76 billion, a P/E ratio of 8.76, a PEG ratio of 0.82 and a beta of 1.53. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 1.44. Whirlpool has a fifty-two week low of $102.13 and a fifty-two week high of $187.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 16th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio is presently 33.48%.

A number of hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group grew its holdings in Whirlpool by 79.7% during the third quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock worth $37,000 after acquiring an additional 137 shares during the period. Vanguard Group Inc. grew its holdings in Whirlpool by 0.9% during the third quarter. Vanguard Group Inc. now owns 6,780,498 shares of the company’s stock worth $805,183,000 after acquiring an additional 62,275 shares during the period. Morgan Stanley boosted its position in Whirlpool by 83.7% during the third quarter. Morgan Stanley now owns 408,751 shares of the company’s stock worth $48,540,000 after purchasing an additional 186,273 shares in the last quarter. Exane Asset Management purchased a new stake in Whirlpool during the third quarter worth $197,000. Finally, Kentucky Retirement Systems purchased a new stake in Whirlpool during the third quarter worth $1,017,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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