$5.45 Billion in Sales Expected for Whirlpool Co. (NYSE:WHR) This Quarter

Equities research analysts predict that Whirlpool Co. (NYSE:WHRGet Rating) will post $5.45 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Whirlpool’s earnings, with the lowest sales estimate coming in at $5.35 billion and the highest estimate coming in at $5.54 billion. Whirlpool posted sales of $5.36 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Whirlpool will report full year sales of $23.08 billion for the current year, with estimates ranging from $22.80 billion to $23.32 billion. For the next financial year, analysts anticipate that the company will report sales of $23.89 billion, with estimates ranging from $23.68 billion to $24.06 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Whirlpool.

Whirlpool (NYSE:WHRGet Rating) last announced its earnings results on Wednesday, January 26th. The company reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.88 by $0.26. The firm had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Whirlpool had a net margin of 8.11% and a return on equity of 32.84%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.64 EPS.

Several equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Whirlpool in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Whirlpool from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a report on Wednesday, March 30th. JPMorgan Chase & Co. cut their price target on shares of Whirlpool from $295.00 to $221.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. The Goldman Sachs Group cut their price target on shares of Whirlpool from $280.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Credit Suisse Group assumed coverage on shares of Whirlpool in a report on Tuesday, April 5th. They set a “neutral” rating and a $180.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $204.86.

Shares of NYSE WHR traded down $6.61 during mid-day trading on Monday, hitting $170.55. 1,451,862 shares of the company’s stock traded hands, compared to its average volume of 1,249,260. The company’s 50-day moving average is $189.82 and its two-hundred day moving average is $208.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 0.82. The company has a market capitalization of $10.00 billion, a P/E ratio of 6.01, a PEG ratio of 1.04 and a beta of 1.71. Whirlpool has a 1 year low of $164.52 and a 1 year high of $257.68.

Whirlpool announced that its Board of Directors has authorized a stock repurchase program on Monday, February 14th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to buy up to 16.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Friday, February 25th were paid a $1.75 dividend. This is an increase from Whirlpool’s previous quarterly dividend of $1.40. This represents a $7.00 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Thursday, February 24th. Whirlpool’s dividend payout ratio is currently 24.67%.

In other news, Director Gary T. Dicamillo sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $209.90, for a total value of $209,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Whirlpool by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,065,502 shares of the company’s stock valued at $1,188,671,000 after acquiring an additional 106,185 shares during the last quarter. State Street Corp raised its holdings in shares of Whirlpool by 4.5% in the fourth quarter. State Street Corp now owns 3,074,763 shares of the company’s stock worth $721,524,000 after buying an additional 132,954 shares during the last quarter. Greenhaven Associates Inc. raised its holdings in shares of Whirlpool by 2.4% in the fourth quarter. Greenhaven Associates Inc. now owns 2,834,525 shares of the company’s stock worth $665,150,000 after buying an additional 65,605 shares during the last quarter. Capital International Investors raised its holdings in shares of Whirlpool by 10.4% in the fourth quarter. Capital International Investors now owns 2,144,170 shares of the company’s stock worth $503,151,000 after buying an additional 202,346 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Whirlpool by 3.5% in the third quarter. LSV Asset Management now owns 2,029,938 shares of the company’s stock worth $413,823,000 after buying an additional 68,279 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

About Whirlpool (Get Rating)

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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