Whirlpool (NYSE:WHR) Releases Quarterly Earnings Results, Hits Estimates

Whirlpool (NYSE:WHR) released its earnings results on Wednesday. The company reported $2.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.39, Briefing.com reports. Whirlpool had a return on equity of 30.19% and a net margin of 2.89%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the company posted $4.21 EPS. Whirlpool’s revenue for the quarter was down 16.8% on a year-over-year basis. Whirlpool updated its FY24 guidance to approx $12.00 EPS and its FY 2024 guidance to 12.000-12.000 EPS.

Whirlpool Stock Down 0.9 %

Shares of NYSE WHR traded down $0.89 on Friday, reaching $100.68. 439,471 shares of the company’s stock traded hands, compared to its average volume of 1,384,083. Whirlpool has a 12 month low of $84.18 and a 12 month high of $148.50. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 13.76 and a beta of 1.44. The business’s 50 day simple moving average is $95.91 and its two-hundred day simple moving average is $103.90. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Royal Bank of Canada decreased their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday. Finally, Bank of America lifted their price target on Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.50.

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.