Whirlpool Corporation Forecasted to Earn FY2018 Earnings of $15.90 Per Share (WHR)
Whirlpool Corporation (NYSE:WHR) – Research analysts at Gabelli lowered their FY2018 earnings estimates for shares of Whirlpool Corporation in a research report issued to clients and investors on Wednesday. Gabelli analyst A. Lacayo now expects that the company will earn $15.90 per share for the year, down from their previous forecast of $17.15. Gabelli also issued estimates for Whirlpool Corporation’s FY2019 earnings at $17.65 EPS.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the firm posted $3.66 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year.
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A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $209.00 target price on shares of Whirlpool Corporation in a report on Tuesday, October 10th. MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub cut Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $184.67.
Shares of Whirlpool Corporation (NYSE WHR) opened at 161.41 on Monday. The firm has a 50-day moving average price of $176.20 and a 200 day moving average price of $180.82. Whirlpool Corporation has a 12 month low of $148.32 and a 12 month high of $202.99. The company has a market cap of $11.78 billion, a P/E ratio of 16.16 and a beta of 1.76.
Several hedge funds have recently modified their holdings of the stock. LLBH Private Wealth Management LLC lifted its stake in shares of Whirlpool Corporation by 0.5% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock worth $227,000 after acquiring an additional 6 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Whirlpool Corporation by 0.3% during the 2nd quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock worth $534,000 after acquiring an additional 9 shares during the last quarter. QS Investors LLC lifted its stake in shares of Whirlpool Corporation by 0.4% during the 2nd quarter. QS Investors LLC now owns 2,355 shares of the company’s stock worth $451,000 after acquiring an additional 10 shares during the last quarter. Bollard Group LLC lifted its stake in shares of Whirlpool Corporation by 0.6% during the 2nd quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after acquiring an additional 12 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Whirlpool Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after acquiring an additional 21 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to repurchase 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 shares are undervalued.
The firm also recently declared 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is currently 41.47%.
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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