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.
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.
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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