Wall Street analysts expect Whirlpool Co. (NYSE:WHR) to post $5.74 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Whirlpool’s earnings. The highest sales estimate is $5.86 billion and the lowest is $5.68 billion. Whirlpool posted sales of $5.70 billion during the same quarter last year, which suggests a positive year over year growth rate of 0.7%. The company is expected to announce its next quarterly earnings results on Wednesday, January 23rd.
According to Zacks, analysts expect that Whirlpool will report full year sales of $21.11 billion for the current financial year, with estimates ranging from $21.05 billion to $21.21 billion. For the next financial year, analysts forecast that the firm will report sales of $20.87 billion, with estimates ranging from $19.84 billion to $21.69 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Whirlpool.
Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, topping the Zacks’ consensus estimate of $3.76 by $0.79. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The firm had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the company earned $3.83 EPS. The company’s revenue was down 1.7% on a year-over-year basis.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. MKM Partners set a $146.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, October 16th. Royal Bank of Canada lowered Whirlpool from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 25th. Credit Suisse Group set a $175.00 price target on Whirlpool and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Longbow Research lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price target on the stock. in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Whirlpool has a consensus rating of “Hold” and an average target price of $144.88.
A number of institutional investors and hedge funds have recently made changes to their positions in WHR. Adviser Investments LLC lifted its stake in shares of Whirlpool by 1.7% in the 2nd quarter. Adviser Investments LLC now owns 24,084 shares of the company’s stock valued at $3,522,000 after purchasing an additional 404 shares during the period. Advisors Asset Management Inc. increased its position in Whirlpool by 6.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,859 shares of the company’s stock valued at $1,003,000 after buying an additional 416 shares in the last quarter. Tyers Asset Management LLC increased its position in Whirlpool by 1.8% in the 2nd quarter. Tyers Asset Management LLC now owns 24,046 shares of the company’s stock valued at $3,516,000 after buying an additional 418 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Whirlpool by 3.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 11,824 shares of the company’s stock valued at $1,729,000 after buying an additional 419 shares in the last quarter. Finally, Atlantic Trust LLC increased its position in Whirlpool by 46.5% in the 2nd quarter. Atlantic Trust LLC now owns 1,465 shares of the company’s stock valued at $214,000 after buying an additional 465 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
Whirlpool stock opened at $116.36 on Friday. Whirlpool has a one year low of $102.13 and a one year high of $187.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 0.78 and a beta of 1.51.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.95%. The ex-dividend date is Thursday, November 15th. Whirlpool’s payout ratio is presently 33.48%.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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