$4.19 Earnings Per Share Expected for Whirlpool Corporation (WHR) This Quarter
Wall Street analysts expect Whirlpool Corporation (NYSE:WHR) to report $4.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Whirlpool Corporation’s earnings, with the lowest EPS estimate coming in at $3.95 and the highest estimate coming in at $4.67. Whirlpool Corporation reported earnings of $4.33 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that Whirlpool Corporation will report full year earnings of $13.86 per share for the current financial year, with EPS estimates ranging from $13.60 to $14.52. For the next financial year, analysts anticipate that the company will post earnings of $15.79 per share, with EPS estimates ranging from $15.20 to $16.94. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Whirlpool Corporation.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.66 EPS.
WHR has been the topic of a number of analyst reports. Zacks Investment Research cut Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Royal Bank Of Canada cut Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and dropped their target price for the company from $209.00 to $184.00 in a research report on Tuesday, October 24th. BidaskClub cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $184.67.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Whirlpool Corporation by 0.3% in 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 during the last quarter. Greenhaven Associates Inc. boosted its holdings in Whirlpool Corporation by 0.8% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,759,675 shares of the company’s stock worth $508,994,000 after buying an additional 22,525 shares during the last quarter. Harris Associates L P boosted its holdings in Whirlpool Corporation by 12.5% in 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 during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Whirlpool Corporation by 7.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock worth $338,912,000 after buying an additional 122,189 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Whirlpool Corporation by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,141,492 shares of the company’s stock worth $218,713,000 after buying an additional 79,088 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.
Whirlpool Corporation (NYSE WHR) traded down $0.57 during midday trading on Friday, hitting $163.85. The company’s stock had a trading volume of 510,824 shares, compared to its average volume of 1,423,689. The firm has a market cap of $11,743.10, a PE ratio of 11.66 and a beta of 1.87.
Whirlpool Corporation announced that its board has initiated a stock buyback program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s payout ratio is 41.47%.
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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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