Zacks: Analysts Anticipate Whirlpool Co. (NYSE:WHR) Will Post Quarterly Sales of $5.38 Billion

Brokerages expect Whirlpool Co. (NYSE:WHRGet Rating) to announce sales of $5.38 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Whirlpool’s earnings, with the lowest sales estimate coming in at $5.28 billion and the highest estimate coming in at $5.55 billion. Whirlpool posted sales of $5.32 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.1%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Whirlpool will report full-year sales of $22.14 billion for the current fiscal year, with estimates ranging from $21.77 billion to $22.44 billion. For the next fiscal year, analysts forecast that the firm will report sales of $22.71 billion, with estimates ranging from $22.29 billion to $23.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Whirlpool.

Whirlpool (NYSE:WHRGet Rating) last issued its quarterly earnings results on Monday, April 25th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.79 by $0.52. Whirlpool had a net margin of 7.72% and a return on equity of 30.56%. The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business posted $7.20 earnings per share. Whirlpool’s revenue for the quarter was down 8.2% compared to the same quarter last year.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their price target on Whirlpool from $221.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. Credit Suisse Group assumed coverage on Whirlpool in a research note on Tuesday, April 5th. They set a “neutral” rating and a $180.00 price target for the company. The Goldman Sachs Group dropped their price target on Whirlpool from $280.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Royal Bank of Canada upped their target price on Whirlpool from $190.00 to $195.00 in a research report on Friday, January 28th. Finally, Zacks Investment Research downgraded Whirlpool from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a research report on Wednesday, March 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $202.57.

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

Several institutional investors have recently made changes to their positions in WHR. Amundi Pioneer Asset Management Inc. raised its position in shares of Whirlpool by 255.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock worth $17,483,000 after purchasing an additional 94,587 shares during the period. Morgan Stanley raised its position in shares of Whirlpool by 15.4% during the 2nd quarter. Morgan Stanley now owns 416,174 shares of the company’s stock worth $90,736,000 after purchasing an additional 55,658 shares during the period. Raymond James & Associates raised its position in shares of Whirlpool by 4.4% during the 3rd quarter. Raymond James & Associates now owns 60,094 shares of the company’s stock worth $12,251,000 after purchasing an additional 2,515 shares during the period. Treasurer of the State of North Carolina increased its position in Whirlpool by 3.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 22,071 shares of the company’s stock valued at $4,499,000 after acquiring an additional 739 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Whirlpool by 15.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,472 shares of the company’s stock valued at $5,600,000 after acquiring an additional 3,581 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Shares of Whirlpool stock opened at $181.52 on Monday. The business’s fifty day moving average price is $185.21 and its 200 day moving average price is $206.81. Whirlpool has a twelve month low of $164.52 and a twelve month high of $257.68. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $10.20 billion, a P/E ratio of 6.75, a PEG ratio of 1.22 and a beta of 1.71.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Friday, May 20th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Thursday, May 19th. Whirlpool’s dividend payout ratio is presently 26.03%.

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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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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