Whirlpool (WHR) Updates FY19 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $14.00-15.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.72.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Whirlpool from a sell rating to a hold rating in a report on Thursday, April 4th. ValuEngine upgraded shares of Whirlpool from a sell rating to a hold rating in a report on Wednesday, May 1st. Buckingham Research assumed coverage on shares of Whirlpool in a report on Wednesday, January 23rd. They issued a neutral rating and a $135.00 price objective on the stock. Raymond James downgraded shares of Whirlpool from an outperform rating to a market perform rating in a report on Wednesday, January 30th. Finally, Royal Bank of Canada downgraded shares of Whirlpool from a sector perform rating to an underperform rating and set a $134.60 price objective on the stock. in a report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Whirlpool presently has an average rating of Hold and an average target price of $143.20.

WHR traded down $1.50 during trading on Wednesday, reaching $131.00. 677,409 shares of the stock were exchanged, compared to its average volume of 882,398. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 1.64 and a beta of 1.61. Whirlpool has a twelve month low of $99.40 and a twelve month high of $165.96. The company has a current ratio of 0.83, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.04 by $0.07. The business had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.83 billion. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 earnings per share. As a group, research analysts forecast that Whirlpool will post 14.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.66%. This is an increase from Whirlpool’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s payout ratio is presently 31.66%.

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Whirlpool Company Profile

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 appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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