Whirlpool Corp. (WHR) Announces Quarterly Earnings, Misses Expectations By $0.05 EPS
Whirlpool Corp. (NYSE:WHR) announced its earnings results on Friday. The company reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.02 by $0.05, AnalystRatings.Net reports. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.98 billion.
A number of analysts have recently weighed in on WHR shares. Analysts at Thomson Reuters/Verus upgraded shares of Whirlpool Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, January 13th. On the ratings front, analysts at MKM Partners initiated coverage on shares of Whirlpool Corp. in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $183.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Whirlpool Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, November 19th. They now have a $150.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Whirlpool Corp. currently has a consensus rating of “Buy” and an average target price of $159.33.
Shares of Whirlpool Corp. (NYSE:WHR) opened at 132.22 on Friday. Whirlpool Corp. has a 1-year low of $104.06 and a 1-year high of $160.01. The stock’s 50-day moving average is $152.9 and its 200-day moving average is $142.7. The company has a market cap of $10.378 billion and a price-to-earnings ratio of 14.91.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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