Whirlpool (WHR) Set to Announce Earnings on Wednesday

Whirlpool (NYSE:WHR) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.70 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.32. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the previous year, the firm posted $3.89 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect Whirlpool to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Whirlpool Stock Performance

Shares of WHR opened at $104.67 on Monday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. Whirlpool has a twelve month low of $98.40 and a twelve month high of $160.62. The firm’s 50 day moving average price is $109.94 and its two-hundred day moving average price is $113.46. The firm has a market cap of $5.72 billion, a P/E ratio of 12.02 and a beta of 1.48.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date is Thursday, May 16th. Whirlpool’s payout ratio is currently 80.37%.

Analyst Ratings Changes

WHR has been the topic of a number of research reports. Royal Bank of Canada cut their price target on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. Loop Capital started coverage on shares of Whirlpool in a report on Thursday, February 22nd. They set a “buy” rating and a $140.00 target price for the company. Finally, StockNews.com upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.60.

Institutional Trading of Whirlpool

A number of large investors have recently added to or reduced their stakes in WHR. Point72 Asset Management L.P. acquired a new stake in Whirlpool in the fourth quarter valued at $32,000. ICA Group Wealth Management LLC lifted its stake in Whirlpool by 716.7% in the first quarter. ICA Group Wealth Management LLC now owns 245 shares of the company’s stock valued at $32,000 after acquiring an additional 215 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Whirlpool by 96.2% in the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Whirlpool by 526.3% in the first quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Point72 Middle East FZE acquired a new stake in Whirlpool in the second quarter valued at $46,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

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.