FY2017 EPS Estimates for Whirlpool Corporation (WHR) Cut by Gabelli
Whirlpool Corporation (NYSE:WHR) – Research analysts at Gabelli reduced their FY2017 EPS estimates for shares of Whirlpool Corporation in a research note issued to investors on Friday. Gabelli analyst A. Lacayo now anticipates that the company will post earnings per share of $14.65 for the year, down from their prior estimate of $14.75.
Several other brokerages have also recently weighed in on WHR. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. MKM Partners set a $177.00 price target on shares of Whirlpool Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $209.00 price target on shares of Whirlpool Corporation in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $192.17.
Shares of Whirlpool Corporation (NYSE:WHR) opened at 182.46 on Monday. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company’s 50-day moving average price is $177.09 and its 200 day moving average price is $180.84. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 18.26 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the company posted $3.50 EPS. The business’s revenue was up 2.9% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Whirlpool Corporation by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 7,314,502 shares of the company’s stock worth $1,401,605,000 after buying an additional 23,724 shares in the last quarter. BlackRock Inc. lifted its position in shares of Whirlpool Corporation by 3,484.6% during the 1st quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares in the last quarter. State Street Corp lifted its position in shares of Whirlpool Corporation by 1.7% during the 1st quarter. State Street Corp now owns 3,611,514 shares of the company’s stock worth $618,757,000 after buying an additional 60,274 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of Whirlpool Corporation by 0.6% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock worth $524,493,000 after buying an additional 17,280 shares in the last quarter. Finally, Harris Associates L P lifted its position in shares of Whirlpool Corporation by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after buying an additional 241,659 shares in the last quarter. 91.44% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director William D. Perez bought 1,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.69% of the stock is owned by company insiders.
Whirlpool Corporation declared that its board has approved a stock buyback program on Wednesday, July 26th that permits the company to buyback $2.35 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $1.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.41%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
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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