Whirlpool Co. (WHR) to Post Q1 2018 Earnings of $3.00 Per Share, KeyCorp Forecasts

Whirlpool Co. (NYSE:WHR) – KeyCorp raised their Q1 2018 earnings per share estimates for Whirlpool in a research note issued on Thursday. KeyCorp analyst K. Zener now expects that the company will post earnings per share of $3.00 for the quarter, up from their prior estimate of $2.95. KeyCorp also issued estimates for Whirlpool’s Q2 2018 earnings at $3.96 EPS, Q3 2018 earnings at $4.01 EPS, Q4 2018 earnings at $4.02 EPS and FY2019 earnings at $17.47 EPS.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $4.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.09. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter in the prior year, the business earned $4.33 EPS. Whirlpool’s revenue was up .8% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the company. Bank of America downgraded Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a report on Tuesday, October 24th. Zacks Investment Research downgraded Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. MKM Partners set a $177.00 price target on Whirlpool and gave the stock a “hold” rating in a report on Friday, October 6th. Royal Bank of Canada restated a “buy” rating and set a $209.00 price target on shares of Whirlpool in a report on Tuesday, October 10th. Finally, ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Whirlpool presently has an average rating of “Hold” and an average target price of $186.20.

Shares of Whirlpool (NYSE WHR) opened at $185.97 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 0.86. Whirlpool has a 1-year low of $158.80 and a 1-year high of $202.99. The firm has a market capitalization of $12,999.39, a PE ratio of 40.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.88.

Several large investors have recently added to or reduced their stakes in WHR. Epoch Investment Partners Inc. acquired a new position in shares of Whirlpool during the 3rd quarter worth about $75,398,000. Schwab Charles Investment Management Inc. boosted its position in shares of Whirlpool by 72.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock worth $85,157,000 after acquiring an additional 194,739 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Whirlpool by 667.5% during the 3rd quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock worth $30,555,000 after acquiring an additional 144,086 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Whirlpool by 35.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 548,090 shares of the company’s stock worth $101,097,000 after acquiring an additional 142,739 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its position in shares of Whirlpool by 115.6% during the 3rd quarter. Atlantic Trust Group LLC now owns 249,404 shares of the company’s stock worth $46,000,000 after acquiring an additional 133,705 shares in the last quarter. 92.60% of the stock is owned by institutional investors and hedge funds.

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Whirlpool 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.

Earnings History and Estimates for Whirlpool (NYSE:WHR)

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