Whirlpool Co. (WHR) Releases FY17 Earnings Guidance

Whirlpool Co. (NYSE:WHR) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $14.75-15.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.48.

Several brokerages recently weighed in on WHR. Zacks Investment Research lowered Whirlpool from a hold rating to a sell rating in a research note on Wednesday, April 19th. Goldman Sachs Group Inc lowered Whirlpool from a buy rating to a neutral rating and set a $187.00 price target for the company. in a research note on Friday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $193.43.

Earnings History and Estimates for Whirlpool (NYSE:WHR)

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

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, April 24th. The company reported $2.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by $0.15. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Whirlpool had a return on equity of 18.69% and a net margin of 4.29%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.63 earnings per share. On average, equities analysts expect that Whirlpool Co. will post $15.12 earnings per share for the current year.

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

In other Whirlpool news, Chairman Jeff M. Fettig sold 120,700 shares of the 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 completion of the transaction, the chairman now directly owns 54,983 shares of the company’s stock, valued at $9,905,737.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Marc R. Bitzer sold 19,314 shares of the 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. Company insiders own 2.62% of the company’s stock.

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About Whirlpool

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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