Wall Street brokerages expect Whirlpool Corporation (NYSE:WHR) to post earnings of $3.57 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Whirlpool Corporation’s earnings, with the lowest EPS estimate coming in at $3.45 and the highest estimate coming in at $3.67. Whirlpool Corporation posted earnings per share of $3.50 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The company is expected to announce its next earnings report on Friday, July 28th.
According to Zacks, analysts expect that Whirlpool Corporation will report full year earnings of $15.08 per share for the current fiscal year, with EPS estimates ranging from $14.75 to $15.43. For the next financial year, analysts expect that the business will post earnings of $17.52 per share, with EPS estimates ranging from $16.85 to $18.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Whirlpool Corporation.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Monday, April 24th. The company reported $2.50 earnings per share for the quarter, missing the consensus estimate of $2.65 by $0.15. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $2.63 earnings per share.
Several research firms have recently commented on WHR. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. Royal Bank Of Canada restated a “top pick” rating and set a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $193.50.
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Shares of Whirlpool Corporation (NYSE WHR) traded up 0.02% on Monday, hitting $192.29. The company had a trading volume of 587,742 shares. The company has a market cap of $14.22 billion, a price-to-earnings ratio of 16.55 and a beta of 1.81. The company has a 50 day moving average of $187.92 and a 200-day moving average of $180.07. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were issued a $1.10 dividend. The ex-dividend date was Wednesday, May 17th. This is a boost from Whirlpool Corporation’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 2.29%. Whirlpool Corporation’s dividend payout ratio is currently 37.87%.
In related news, insider Marc R. Bitzer sold 19,314 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total value of $3,550,685.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.69% of the company’s stock.
A number of large investors have recently modified their holdings of WHR. Vanguard Group Inc. boosted its stake in shares of Whirlpool Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock worth $1,249,128,000 after buying an additional 170,267 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares in the last quarter. State Street Corp boosted its stake in shares of Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock worth $618,757,000 after buying an additional 60,274 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in shares of Whirlpool Corporation by 1.9% in the first quarter. Greenhaven Associates Inc. now owns 2,719,870 shares of the company’s stock worth $465,995,000 after buying an additional 51,255 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Whirlpool Corporation by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock worth $329,889,000 after buying an additional 61,803 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.
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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