Whirlpool (NYSE:WHR) Updates FY24 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $13.00-$15.00 for the period, compared to the consensus earnings per share estimate of $13.21. The company issued revenue guidance of $16.9 billion, compared to the consensus revenue estimate of $16.82 billion.

Whirlpool Stock Up 0.3 %

Shares of NYSE WHR traded up $0.29 on Wednesday, hitting $105.68. The company had a trading volume of 1,659,359 shares, compared to its average volume of 1,287,562. Whirlpool has a 12-month low of $98.40 and a 12-month high of $160.62. The business has a 50 day moving average of $109.77 and a two-hundred day moving average of $113.18. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $5.77 billion, a P/E ratio of 12.21 and a beta of 1.48.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.32. The firm had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. Whirlpool’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.89 earnings per share. As a group, equities research analysts forecast that Whirlpool will post 13.64 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be issued a $1.75 dividend. The ex-dividend date is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.62%. Whirlpool’s payout ratio is currently 80.37%.

Analysts Set New Price Targets

WHR has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Whirlpool from $120.00 to $111.00 and set a neutral rating on the stock in a research report on Friday, February 2nd. StockNews.com upgraded shares of Whirlpool from a hold rating to a buy rating in a research report on Tuesday, February 27th. Loop Capital initiated coverage on shares of Whirlpool in a report on Thursday, February 22nd. They set a buy rating and a $140.00 target price for the company. TheStreet raised shares of Whirlpool from a d+ rating to a c+ rating in a report on Monday, January 29th. Finally, Royal Bank of Canada decreased their price target on shares of Whirlpool from $92.00 to $85.00 and set an underperform rating for the company in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Whirlpool currently has a consensus rating of Hold and a consensus price target of $114.60.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.