Whirlpool Co. (WHR) Releases Earnings Results, Misses Expectations By $0.15 EPS

Whirlpool Co. (NYSE:WHR) released its quarterly earnings results on Monday. The company reported $2.50 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by $0.15. Whirlpool had a return on equity of 18.69% and a net margin of 4.29%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Whirlpool updated its FY17 guidance to $14.75-15.50 EPS.

Shares of Whirlpool (NYSE:WHR) opened at 180.78 on Wednesday. The company has a market capitalization of $13.37 billion, a P/E ratio of 15.56 and a beta of 1.91. Whirlpool has a 12-month low of $145.91 and a 12-month high of $194.10. The company has a 50 day moving average of $177.95 and a 200-day moving average of $175.49.

Earnings History for Whirlpool (NYSE:WHR)

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be issued a $1.10 dividend. This is an increase from Whirlpool’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, May 17th. Whirlpool’s payout ratio is presently 34.69%.

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In other news, Chairman Jeff M. Fettig sold 120,700 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $180.16, for a total value of $21,745,312.00. Following the transaction, the chairman now owns 54,983 shares of the company’s stock, valued at approximately $9,905,737.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc R. Bitzer sold 19,314 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total transaction of $3,550,685.76. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.

A number of research firms have commented on WHR. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Goldman Sachs Group Inc downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $187.00 price target on the stock. in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $193.43.

Whirlpool Company Profile

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

12 Month Chart for NYSE:WHR

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