Whirlpool (NYSE:WHR) Releases FY 2021 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $26.250-$26.250 for the period, compared to the Thomson Reuters consensus estimate of $26.350. The company issued revenue guidance of $21.99 billion-$21.99 billion, compared to the consensus revenue estimate of $22.48 billion.

Shares of WHR opened at $202.10 on Thursday. Whirlpool has a 1 year low of $171.33 and a 1 year high of $257.68. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.86. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.83. The business has a 50-day moving average of $214.96 and a 200-day moving average of $224.14.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 20th. The company reported $6.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.15 by $0.53. Whirlpool had a return on equity of 36.26% and a net margin of 8.76%. During the same quarter in the prior year, the business earned $6.91 earnings per share. As a group, sell-side analysts anticipate that Whirlpool will post 26.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Friday, November 19th will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, November 18th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.77%. Whirlpool’s dividend payout ratio (DPR) is 30.19%.

Several research firms recently commented on WHR. Zacks Investment Research raised Whirlpool from a hold rating to a buy rating and set a $225.00 target price for the company in a research note on Tuesday, July 20th. The Goldman Sachs Group reaffirmed a buy rating and set a $220.17 target price on shares of Whirlpool in a research note on Tuesday, July 27th. Bank of America decreased their target price on Whirlpool from $250.00 to $240.00 and set a neutral rating for the company in a research note on Monday. Finally, Royal Bank of Canada cut Whirlpool from a sector perform rating to an underperform rating and reduced their price objective for the company from $208.00 to $190.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $227.23.

In other Whirlpool news, Director Gary T. Dicamillo sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $223.26, for a total value of $223,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.35% of the company’s stock.

An institutional investor recently raised its position in Whirlpool stock. Morgan Stanley increased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 416,174 shares of the company’s stock after acquiring an additional 55,658 shares during the quarter. Morgan Stanley owned approximately 0.66% of Whirlpool worth $90,736,000 as of its most recent SEC filing. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Company Profile

Whirlpool Corp. engages in manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The company’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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