Whirlpool (NYSE:WHR) Updates FY 2019 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $14.75-15.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $15.27. Whirlpool also updated its FY19 guidance to $14.75-$15.50 EPS.

Several analysts have recently issued reports on the stock. Gabelli restated a hold rating on shares of Whirlpool in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upgraded shares of Whirlpool from a neutral rating to an overweight rating and upped their target price for the company from $155.00 to $172.00 in a research report on Thursday, September 26th. Longbow Research set a $178.00 price objective on shares of Whirlpool and gave the stock a buy rating in a research report on Friday, August 2nd. Zacks Investment Research raised shares of Whirlpool from a hold rating to a buy rating and set a $147.00 price objective on the stock in a research report on Thursday, August 22nd. Finally, ValuEngine raised shares of Whirlpool from a strong sell rating to a sell rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $151.94.

Whirlpool stock traded down $1.40 during midday trading on Thursday, reaching $160.76. The stock had a trading volume of 27,760 shares, compared to its average volume of 707,931. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. Whirlpool has a 52-week low of $99.40 and a 52-week high of $163.64. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.00 and a beta of 1.83. The company has a fifty day moving average of $153.02 and a 200 day moving average of $141.00.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $3.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.90 by $0.07. Whirlpool had a net margin of 5.15% and a return on equity of 28.89%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the company posted $4.55 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts predict that Whirlpool will post 15.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, November 14th. Whirlpool’s dividend payout ratio (DPR) is currently 31.66%.

In other news, CFO James W. Peters sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.51, for a total transaction of $95,231.50. Following the transaction, the chief financial officer now directly owns 18,569 shares of the company’s stock, valued at $2,720,544.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

Further Reading: How is a Moving Average Calculated?

Earnings History and Estimates for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.