Whirlpool Corp. (WHR) Issues FY14 Earnings Guidance
Whirlpool Corp. (NYSE:WHR) issued an update on its FY14 earnings guidance on Friday morning. The company provided EPS guidance of $1200-12.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.31, ARN reports.
Whirlpool Corp. (NYSE:WHR) opened at 154.66 on Friday. Whirlpool Corp. has a one year low of $107.88 and a one year high of $160.01. The stock has a 50-day moving average of $148.2 and a 200-day moving average of $146.5. The company has a market cap of $11.980 billion and a price-to-earnings ratio of 15.10.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings data on Friday, April 25th. The company reported $2.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.33 by $0.13. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Whirlpool Corp. will post $12.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, June 15th. Investors of record on Friday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, May 14th. This is an increase from Whirlpool Corp.’s previous quarterly dividend of $0.63.
A number of research firms have recently commented on WHR. Analysts at Ned Davis Research upgraded shares of Whirlpool Corp. from a neutral rating to a buy rating in a research note on Monday, March 3rd. Analysts at Zacks reiterated a neutral rating on shares of Whirlpool Corp. in a research note on Tuesday, February 11th. They now have a $143.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $157.17.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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