Whirlpool (NYSE:WHR) Releases FY 2021 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 22.500-23.500 for the period, compared to the Thomson Reuters consensus estimate of $20.890. The company issued revenue guidance of $21.99 billion-$21.99 billion, compared to the consensus revenue estimate of $20.79 billion.

WHR has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on Whirlpool from $258.00 to $261.00 and gave the company an overweight rating in a research report on Tuesday, April 13th. Royal Bank of Canada increased their target price on Whirlpool from $201.00 to $210.00 and gave the stock a sector perform rating in a research report on Friday, April 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Whirlpool has an average rating of Hold and an average price target of $195.14.

Shares of NYSE:WHR traded up $0.99 during trading on Tuesday, hitting $241.94. 8,001 shares of the company’s stock were exchanged, compared to its average volume of 738,426. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.71. Whirlpool has a 52-week low of $101.03 and a 52-week high of $246.24. The business’s 50-day simple moving average is $228.14 and its 200 day simple moving average is $201.08. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 0.90 and a beta of 2.01.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Tuesday, April 20th. The company reported $7.20 earnings per share for the quarter, beating the consensus estimate of $5.38 by $1.82. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.76 billion. Whirlpool had a return on equity of 22.08% and a net margin of 4.42%. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. On average, sell-side analysts anticipate that Whirlpool will post 13.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, May 21st will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, May 20th. This is a boost from Whirlpool’s previous quarterly dividend of $1.25. Whirlpool’s payout ratio is 31.25%.

In related news, CEO Marc R. Bitzer sold 64,802 shares of the company’s stock in a transaction dated Monday, April 26th. The stock was sold at an average price of $236.40, for a total value of $15,319,192.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gilles Morel sold 5,086 shares of the business’s stock in a transaction that occurred on Friday, April 23rd. The stock was sold at an average price of $240.23, for a total value of $1,221,809.78. Following the sale, the executive vice president now owns 2,293 shares of the company’s stock, valued at $550,847.39. The disclosure for this sale can be found here. In the last three months, insiders sold 183,757 shares of company stock valued at $42,438,239. Insiders own 1.20% 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 and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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