Whirlpool (NYSE:WHR) Updates FY 2024 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 12.000-12.000 for the period, compared to the consensus earnings per share estimate of 12.540. The company issued revenue guidance of $16.9 billion-$16.9 billion, compared to the consensus revenue estimate of $16.8 billion. Whirlpool also updated its FY24 guidance to approx $12.00 EPS.

Whirlpool Stock Performance

Shares of NYSE:WHR traded up $2.82 during midday trading on Thursday, reaching $101.57. The company’s stock had a trading volume of 1,741,616 shares, compared to its average volume of 1,390,735. The firm has a market capitalization of $5.55 billion, a PE ratio of 13.87 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The stock has a fifty day moving average of $95.71 and a 200 day moving average of $103.92. Whirlpool has a twelve month low of $84.18 and a twelve month high of $148.50.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.39. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The company’s revenue was down 16.8% compared to the same quarter last year. During the same period last year, the firm posted $4.21 earnings per share. On average, equities analysts expect that Whirlpool will post 12.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada reduced their target price on shares of Whirlpool from $85.00 to $79.00 and set an underperform rating on the stock in a research note on Friday, April 26th. StockNews.com cut shares of Whirlpool from a buy rating to a hold rating in a research note on Friday, April 26th. Finally, Bank of America upped their price target on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Whirlpool currently has an average rating of Hold and a consensus target price of $111.00.

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.