Analysts Expect Whirlpool Corporation (WHR) to Announce $3.99 Earnings Per Share
Equities analysts forecast that Whirlpool Corporation (NYSE:WHR) will post earnings of $3.99 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Whirlpool Corporation’s earnings, with the highest EPS estimate coming in at $4.33 and the lowest estimate coming in at $3.75. Whirlpool Corporation posted earnings per share of $3.66 during the same quarter last year, which indicates a positive year over year growth rate of 9%. The firm is expected to announce its next earnings results on Tuesday, October 24th.
On average, analysts expect that Whirlpool Corporation will report full-year earnings of $14.62 per share for the current year, with EPS estimates ranging from $14.52 to $14.75. For the next financial year, analysts anticipate that the firm will post earnings of $17.18 per share, with EPS estimates ranging from $16.30 to $17.75. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Whirlpool Corporation.
Whirlpool Corporation (NYSE:WHR) last posted its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the business posted $3.50 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year.
A number of research analysts have recently commented on the company. ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group assumed coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $194.71.
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In related news, Director William D. Perez acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.69% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Dupont Capital Management Corp purchased a new stake in Whirlpool Corporation during the 2nd quarter worth about $100,000. Sun Life Financial INC lifted its holdings in Whirlpool Corporation by 7,628.6% during the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after purchasing an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Whirlpool Corporation by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after purchasing an additional 135 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in Whirlpool Corporation during the 2nd quarter worth about $153,000. Finally, Global X Management Co. LLC lifted its holdings in Whirlpool Corporation by 33.1% during the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after purchasing an additional 246 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.
Whirlpool Corporation (NYSE:WHR) traded down 0.73% during midday trading on Thursday, hitting $168.96. The stock had a trading volume of 728,899 shares. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The stock has a market cap of $12.33 billion, a P/E ratio of 16.91 and a beta of 1.77. The company has a 50-day moving average price of $175.23 and a 200-day moving average price of $180.26.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 2.60%. Whirlpool Corporation’s dividend payout ratio (DPR) is 44.04%.
Whirlpool Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
Whirlpool Corporation 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.
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