Whirlpool Corp. (WHR) Issues FY13 Earnings Guidance
Whirlpool Corp. (NYSE:WHR) updated its FY13 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $9.90-10.10 for the period, compared to the Thomson Reuters consensus estimate of $9.96, Stock Ratings Network.com reports.
Whirlpool Corp. (NYSE:WHR) opened at 130.97 on Tuesday. Whirlpool Corp. has a one year low of $86.25 and a one year high of $151.84. The stock’s 50-day moving average is $139.0 and its 200-day moving average is $128.2. The company has a market cap of $10.382 billion and a P/E ratio of 16.28.
Whirlpool Corp. (NYSE:WHR) last released its earnings data on Tuesday, October 22nd. The company reported $2.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.61 by $0.11. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Whirlpool Corp. will post $9.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, December 15th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, November 13th.
WHR has been the subject of a number of recent research reports. Analysts at Ned Davis Research downgraded shares of Whirlpool Corp. from a buy rating to a neutral rating in a research note to investors on Monday. On a related note, analysts at Raymond James raised their price target on shares of Whirlpool Corp. from $145.00 to $150.00 in a research note to investors on Wednesday, October 16th. They now have an outperform rating on the stock. Finally, analysts at Longbow Research reiterated a buy rating on shares of Whirlpool Corp. in a research note to investors on Monday, October 14th. They now have a $187.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Whirlpool Corp. has a consensus rating of Buy and a consensus target price of $150.14.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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