Whirlpool Co. (NYSE:WHR) Expected to Announce Earnings of $4.15 Per Share

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Equities analysts expect that Whirlpool Co. (NYSE:WHR) will report earnings per share of $4.15 for the current quarter, Zacks reports. Four analysts have made estimates for Whirlpool’s earnings. The highest EPS estimate is $4.46 and the lowest is $3.46. Whirlpool posted earnings of $4.75 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.6%. The firm is expected to report its next quarterly earnings results on Monday, January 27th.

According to Zacks, analysts expect that Whirlpool will report full year earnings of $15.38 per share for the current financial year, with EPS estimates ranging from $15.23 to $15.54. For the next year, analysts anticipate that the firm will report earnings of $16.26 per share, with EPS estimates ranging from $15.70 to $16.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Whirlpool.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $3.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.90 by $0.07. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.14 billion. Whirlpool had a return on equity of 28.06% and a net margin of 5.15%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $4.55 earnings per share.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Whirlpool from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $155.00 to $172.00 in a research note on Thursday, September 26th. Deutsche Bank assumed coverage on shares of Whirlpool in a research note on Wednesday, November 27th. They issued a “hold” rating for the company. Buckingham Research set a $150.00 price objective on shares of Whirlpool and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Thursday, August 22nd. Finally, Bank of America raised their price objective on shares of Whirlpool from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $155.94.

In other Whirlpool news, Director Gary T. Dicamillo sold 833 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $153.41, for a total value of $127,790.53. Following the completion of the sale, the director now owns 6,667 shares of the company’s stock, valued at $1,022,784.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. raised its stake in shares of Whirlpool by 255.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock valued at $17,483,000 after acquiring an additional 94,587 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Whirlpool by 1.5% during the second quarter. Commonwealth Equity Services LLC now owns 9,211 shares of the company’s stock valued at $1,311,000 after acquiring an additional 140 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Whirlpool by 269.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 20,568 shares of the company’s stock valued at $2,927,000 after acquiring an additional 15,003 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Whirlpool during the second quarter valued at approximately $1,039,000. Finally, Arizona State Retirement System raised its stake in shares of Whirlpool by 11.4% during the second quarter. Arizona State Retirement System now owns 35,005 shares of the company’s stock valued at $4,983,000 after acquiring an additional 3,578 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WHR opened at $142.93 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.53. The company has a market cap of $9.04 billion, a P/E ratio of 9.43, a PEG ratio of 2.37 and a beta of 1.74. Whirlpool has a 1 year low of $99.40 and a 1 year high of $163.64. The firm has a 50-day simple moving average of $152.10 and a two-hundred day simple moving average of $143.42.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. Whirlpool’s payout ratio is currently 31.66%.

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 appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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