Whirlpool (NYSE:WHR) Releases FY21 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY21 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ~$26.00 for the period, compared to the Thomson Reuters consensus estimate of $23.93. The company issued revenue guidance of $22.57 billion, compared to the consensus revenue estimate of $21.74 billion.Whirlpool also updated its FY 2021 guidance to $26.000-$26.000 EPS.

Whirlpool stock traded down $2.35 during midday trading on Thursday, reaching $214.90. The company’s stock had a trading volume of 57,380 shares, compared to its average volume of 537,250. Whirlpool has a 52 week low of $143.27 and a 52 week high of $257.68. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 0.97. The firm’s 50-day moving average is $226.21. The firm has a market cap of $13.46 billion, a PE ratio of 10.15, a PEG ratio of 1.15 and a beta of 1.87.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Tuesday, July 20th. The company reported $6.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $6.00 by $0.64. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Whirlpool had a return on equity of 32.25% and a net margin of 6.65%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.15 earnings per share. Research analysts anticipate that Whirlpool will post 24.19 EPS for the current fiscal year.

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

In other Whirlpool news, CEO Marc R. Bitzer sold 45,793 shares of the business’s stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $253.36, for a total value of $11,602,114.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joseph T. Liotine sold 48,432 shares of the business’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $236.83, for a total value of $11,470,150.56. Following the completion of the transaction, the executive vice president now directly owns 26,749 shares in the company, valued at $6,334,965.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,609 shares of company stock worth $50,730,909. 1.35% of the stock is owned by insiders.

About Whirlpool

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 and Estimates for Whirlpool (NYSE:WHR)

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