Whirlpool Co. (WHR) Expected to Post Quarterly Sales of $5.02 Billion

Brokerages expect Whirlpool Co. (NYSE:WHR) to announce sales of $5.02 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Whirlpool’s earnings. The highest sales estimate is $5.16 billion and the lowest is $4.89 billion. Whirlpool reported sales of $4.79 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The firm is expected to issue its next earnings report on Monday, April 23rd.

On average, analysts expect that Whirlpool will report full-year sales of $5.02 billion for the current financial year, with estimates ranging from $21.78 billion to $22.40 billion. For the next year, analysts forecast that the company will report sales of $22.57 billion per share, with estimates ranging from $22.44 billion to $22.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Whirlpool.

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

Several equities analysts have commented on the stock. Royal Bank of Canada increased their target price on shares of Whirlpool to $200.00 and gave the stock an “in-line” rating in a research report on Monday. KeyCorp reissued an “equal weight” rating on shares of Whirlpool in a research report on Monday. Credit Suisse Group set a $187.00 target price on shares of Whirlpool and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a research report on Tuesday, October 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $189.40.

A number of hedge funds have recently added to or reduced their stakes in the business. Greenhaven Associates Inc. boosted its holdings in Whirlpool by 4.2% during the fourth quarter. Greenhaven Associates Inc. now owns 2,875,555 shares of the company’s stock valued at $484,934,000 after acquiring an additional 115,880 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in Whirlpool by 7.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock valued at $338,912,000 after acquiring an additional 122,189 shares during the period. Evercore Trust Company N.A. boosted its holdings in Whirlpool by 4.1% during the third quarter. Evercore Trust Company N.A. now owns 1,355,246 shares of the company’s stock valued at $249,962,000 after acquiring an additional 53,819 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,169,044 shares of the company’s stock valued at $215,612,000 after acquiring an additional 27,552 shares during the period. Finally, FMR LLC boosted its holdings in Whirlpool by 4.2% during the second quarter. FMR LLC now owns 909,933 shares of the company’s stock valued at $174,362,000 after acquiring an additional 36,357 shares during the period. Institutional investors own 92.69% of the company’s stock.

Whirlpool (WHR) opened at $181.42 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.86. The company has a market cap of $13,040.00, a price-to-earnings ratio of 40.23, a price-to-earnings-growth ratio of 0.98 and a beta of 1.87. Whirlpool has a 1 year low of $158.80 and a 1 year high of $202.99.

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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.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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