Whirlpool (NYSE:WHR) Issues FY 2021 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY 2021 earnings guidance on Wednesday. The company provided EPS guidance of $26.000-$26.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $23.730. The company issued revenue guidance of $22.57 billion-$22.57 billion, compared to the consensus revenue estimate of $21.84 billion.Whirlpool also updated its FY21 guidance to ~$26.00 EPS.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Whirlpool from $258.00 to $261.00 and gave the stock an overweight rating in a research note on Wednesday, April 7th. Royal Bank of Canada lifted their price target on Whirlpool from $201.00 to $210.00 and gave the company a sector perform rating in a research note on Friday, April 23rd. Finally, Zacks Investment Research upgraded Whirlpool from a hold rating to a buy rating and set a $225.00 price target on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $209.50.

Shares of NYSE WHR traded down $3.90 during mid-day trading on Thursday, hitting $213.35. 46,478 shares of the stock traded hands, compared to its average volume of 537,250. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 0.97. Whirlpool has a twelve month low of $143.27 and a twelve month high of $257.68. The firm has a market capitalization of $13.36 billion, a P/E ratio of 10.15, a PEG ratio of 1.15 and a beta of 1.87. The firm’s 50 day simple moving average is $226.21.

Whirlpool (NYSE:WHR) last announced its earnings results on Tuesday, July 20th. The company reported $6.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.00 by $0.64. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.03 billion. Whirlpool had a return on equity of 32.25% and a net margin of 6.65%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. On average, equities analysts anticipate that Whirlpool will post 24.19 EPS for the current year.

In related news, CFO James W. Peters sold 37,496 shares of the business’s stock in a transaction dated Wednesday, April 28th. The stock was sold at an average price of $235.91, for a total value of $8,845,681.36. Also, CEO Marc R. Bitzer sold 64,802 shares of the business’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $236.40, for a total value of $15,319,192.80. The disclosure for this sale can be found here. Insiders have sold a total of 210,609 shares of company stock worth $50,730,909 over the last ninety days. Company insiders own 1.35% of the company’s stock.

About Whirlpool

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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