Equities analysts predict that Whirlpool Co. (NYSE:WHR) will post $5.84 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Whirlpool’s earnings, with estimates ranging from $5.75 billion to $5.96 billion. Whirlpool posted sales of $5.66 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The firm is scheduled to announce its next earnings results on Thursday, January 25th.
On average, analysts expect that Whirlpool will report full-year sales of $5.84 billion for the current year, with estimates ranging from $21.22 billion to $21.51 billion. For the next year, analysts forecast that the firm will report sales of $21.79 billion per share, with estimates ranging from $21.19 billion to $22.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Whirlpool.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the company earned $3.66 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year.
A number of brokerages have recently weighed in on WHR. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. MKM Partners set a $177.00 target price on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 6th. Credit Suisse Group set a $187.00 target price on Whirlpool and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada lowered Whirlpool from a “top pick” rating to a “sector perform” rating and lowered their target price for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $183.60.
Shares of Whirlpool (NYSE WHR) traded down $2.03 during trading hours on Friday, hitting $168.64. The stock had a trading volume of 395,765 shares, compared to its average volume of 683,673. Whirlpool has a 52 week low of $158.80 and a 52 week high of $202.99. The firm has a market capitalization of $12,264.82, a price-to-earnings ratio of 12.18, a PEG ratio of 1.73 and a beta of 1.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.61%. Whirlpool’s dividend payout ratio (DPR) is presently 41.47%.
A number of institutional investors have recently bought and sold shares of WHR. Epoch Investment Partners Inc. bought a new position in Whirlpool in the third quarter valued at about $75,398,000. Harris Associates L P boosted its holdings in Whirlpool by 12.5% in the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock valued at $417,892,000 after acquiring an additional 241,659 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Whirlpool by 136.1% in the second quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock valued at $77,673,000 after acquiring an additional 233,661 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Whirlpool by 72.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock valued at $85,157,000 after acquiring an additional 194,739 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Whirlpool by 667.5% in the third quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock valued at $30,555,000 after acquiring an additional 144,086 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
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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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