Whirlpool (NYSE:WHR) Releases FY22 Earnings Guidance

Whirlpool (NYSE:WHR – Get Rating) updated its FY22 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $24.00-26.00 for the period, compared to the Thomson Reuters consensus estimate of $25.99. The company issued revenue guidance of $22.42-22.68 billion, compared to the consensus revenue estimate of $22.68 billion.Whirlpool also updated its FY 2022 guidance to $24.000-$26.000 EPS.

A number of research firms have recently weighed in on WHR. Royal Bank of Canada increased their price objective on shares of Whirlpool from $190.00 to $195.00 in a research note on Friday, January 28th. StockNews.com initiated coverage on shares of Whirlpool in a report on Thursday, March 31st. They set a hold rating on the stock. Credit Suisse Group initiated 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. Cfra downgraded shares of Whirlpool to a sell rating and set a $180.00 price target on the stock. in a report on Friday, April 8th. Finally, The Goldman Sachs Group lowered 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, April 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Whirlpool presently has an average rating of Hold and a consensus target price of $202.57.

WHR traded up $5.05 during midday trading on Monday, hitting $178.87. 2,313,583 shares of the company traded hands, compared to its average volume of 996,452. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 1.09 and a beta of 1.71. Whirlpool has a 52-week low of $164.52 and a 52-week high of $257.68. The business has a 50 day simple moving average of $186.88 and a two-hundred day simple moving average of $207.26.

Whirlpool (NYSE:WHR – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The company reported $5.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.32 by ($0.01). The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Whirlpool had a net margin of 8.11% and a return on equity of 32.84%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $7.20 earnings per share. Equities research analysts anticipate that Whirlpool will post 26.94 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 20th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, May 19th. Whirlpool’s dividend payout ratio is currently 24.67%.

Whirlpool declared that its board has authorized a stock buyback program on Monday, February 14th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 16.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, Director Gary T. Dicamillo sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $209.90, for a total value of $209,900.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.33% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WHR. Salem Investment Counselors Inc. acquired a new stake in Whirlpool during the fourth quarter worth about $26,000. Oak Harbor Wealth Partners LLC acquired a new stake in shares of Whirlpool during the fourth quarter valued at about $211,000. Forum Financial Management LP acquired a new stake in shares of Whirlpool during the fourth quarter valued at about $219,000. Toroso Investments LLC acquired a new stake in shares of Whirlpool during the fourth quarter valued at about $356,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of Whirlpool by 23.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,635 shares of the company’s stock valued at $384,000 after acquiring an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Whirlpool Company Profile (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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