Whirlpool (NYSE:WHR) Issues FY 2024 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 12.000-12.000 for the period, compared to the consensus earnings per share estimate of 11.620. The company issued revenue guidance of $16.9 billion-, compared to the consensus revenue estimate of $16.8 billion. Whirlpool also updated its FY24 guidance to approx $12.00 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WHR. Royal Bank of Canada reduced their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Bank of America assumed coverage on Whirlpool in a research note on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Whirlpool presently has an average rating of “Hold” and a consensus target price of $103.75.

Whirlpool Stock Down 2.9 %

Shares of NYSE WHR traded down $3.01 during mid-day trading on Wednesday, reaching $99.28. The company had a trading volume of 1,425,186 shares, compared to its average volume of 1,190,877. Whirlpool has a twelve month low of $84.18 and a twelve month high of $129.30. The stock’s 50 day moving average is $101.47 and its 200-day moving average is $98.88. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The stock has a market capitalization of $5.45 billion, a PE ratio of 10.56 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $4.21 EPS. The business’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, equities analysts anticipate that Whirlpool will post 11.24 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 7.05%. Whirlpool’s dividend payout ratio is presently 72.39%.

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.