Analysts predict that Whirlpool Co. (NYSE:WHR) will announce $5.74 billion in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Whirlpool’s earnings. The lowest sales estimate is $5.68 billion and the highest is $5.86 billion. Whirlpool reported sales of $5.70 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The firm is scheduled to report 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 year, with estimates ranging from $21.05 billion to $21.21 billion. For the next year, analysts forecast that the company will post 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 research analysts that follow Whirlpool.
Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.79. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period last year, the firm earned $3.83 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis.
A number of research firms recently weighed in on WHR. Credit Suisse Group reissued a “neutral” rating and set a $125.00 price target on shares of Whirlpool in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Goldman Sachs Group started coverage on shares of Whirlpool in a research report on Tuesday, October 2nd. They issued a “sell” rating and a $107.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of Whirlpool from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 9th. Finally, MKM Partners set a $146.00 price objective on shares of Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Whirlpool has a consensus rating of “Hold” and a consensus target price of $144.88.
WHR opened at $126.13 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87. Whirlpool has a fifty-two week low of $102.13 and a fifty-two week high of $187.47. The stock has a market cap of $8.05 billion, a P/E ratio of 9.18, a PEG ratio of 0.85 and a beta of 1.51.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.65%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio is 33.48%.
A number of hedge funds have recently made changes to their positions in WHR. Primecap Management Co. CA increased its stake in shares of Whirlpool by 36.1% in the third quarter. Primecap Management Co. CA now owns 7,650,140 shares of the company’s stock worth $908,454,000 after purchasing an additional 2,030,902 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Whirlpool by 0.9% in the third quarter. Vanguard Group Inc. now owns 6,780,498 shares of the company’s stock worth $805,183,000 after purchasing an additional 62,275 shares in the last quarter. LSV Asset Management increased its stake in shares of Whirlpool by 15.2% in the third quarter. LSV Asset Management now owns 2,187,560 shares of the company’s stock worth $259,772,000 after purchasing an additional 288,480 shares in the last quarter. Lyrical Asset Management LP increased its stake in shares of Whirlpool by 8.4% in the third quarter. Lyrical Asset Management LP now owns 1,629,201 shares of the company’s stock worth $193,468,000 after purchasing an additional 126,795 shares in the last quarter. Finally, Newport Trust Co increased its stake in shares of Whirlpool by 3.4% in the third quarter. Newport Trust Co now owns 1,425,019 shares of the company’s stock worth $169,221,000 after purchasing an additional 47,201 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.
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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