Whirlpool Corporation (NYSE:WHR) – Stock analysts at Gabelli dropped their FY2018 earnings per share (EPS) estimates for Whirlpool Corporation in a note issued to investors on Wednesday. Gabelli analyst A. Lacayo now forecasts that the company will post earnings of $15.90 per share for the year, down from their prior forecast of $17.15. Gabelli also issued estimates for Whirlpool Corporation’s FY2019 earnings at $17.65 EPS.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the company posted $3.66 EPS. Whirlpool Corporation’s quarterly revenue was up 3.2% on a year-over-year basis.
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Several other research firms have also commented on WHR. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. MKM Partners set a $177.00 price target on shares of Whirlpool Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Credit Suisse Group set a $187.00 price target on shares of Whirlpool Corporation and gave the company a “neutral” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $184.67.
A number of institutional investors have recently bought and sold shares of WHR. Harris Associates L P lifted its stake in shares of Whirlpool Corporation by 12.5% in the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after acquiring an additional 241,659 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Whirlpool Corporation by 136.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after acquiring an additional 233,661 shares during the period. PGGM Investments lifted its stake in shares of Whirlpool Corporation by 283.7% in the 2nd quarter. PGGM Investments now owns 187,319 shares of the company’s stock worth $35,894,000 after acquiring an additional 138,502 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Whirlpool Corporation by 83.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 294,996 shares of the company’s stock worth $56,527,000 after acquiring an additional 134,159 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Whirlpool Corporation by 7.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock worth $338,912,000 after acquiring an additional 122,189 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s payout ratio is 41.47%.
Whirlpool Corporation announced that its Board of Directors has authorized a share repurchase program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Whirlpool Corporation 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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