Whirlpool Corporation (WHR) Issues FY17 Earnings Guidance
Whirlpool Corporation (NYSE:WHR) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $13.60-13.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.62.
Whirlpool Corporation (NYSE WHR) traded up 0.02% during midday trading on Monday, hitting $182.50. 1,483,113 shares of the company traded hands. The stock has a market cap of $13.32 billion, a P/E ratio of 18.27 and a beta of 1.76. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The stock has a 50 day moving average of $177.09 and a 200 day moving average of $180.84.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business earned $3.50 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that Whirlpool Corporation will post $14.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a yield of 2.41%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
Whirlpool Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several research analysts recently weighed in on WHR shares. BidaskClub cut Whirlpool Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Whirlpool Corporation from a buy rating to a hold rating in a research note on Friday, July 28th. ValuEngine cut Whirlpool Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the company a hold rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $209.00 target price on shares of Whirlpool Corporation in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Whirlpool Corporation presently has an average rating of Hold and an average target price of $192.17.
In related news, Director William D. Perez purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
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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