$3.86 EPS Expected for Whirlpool Co. (NYSE:WHR) This Quarter

Wall Street brokerages predict that Whirlpool Co. (NYSE:WHR) will post $3.86 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Whirlpool’s earnings. The highest EPS estimate is $4.02 and the lowest is $3.52. Whirlpool posted earnings of $4.55 per share in the same quarter last year, which would suggest a negative year over year growth rate of 15.2%. The firm is expected to issue its next earnings results on Wednesday, October 23rd.

On average, analysts expect that Whirlpool will report full-year earnings of $15.12 per share for the current year, with EPS estimates ranging from $15.00 to $15.35. For the next fiscal year, analysts anticipate that the business will post earnings of $16.67 per share, with EPS estimates ranging from $15.98 to $17.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Whirlpool.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, July 22nd. The company reported $4.01 EPS for the quarter, beating the Zacks’ consensus estimate of $3.80 by $0.21. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the business earned $3.20 EPS. Whirlpool’s quarterly revenue was up 1.2% on a year-over-year basis.

A number of brokerages recently commented on WHR. ValuEngine lowered shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. TheStreet upgraded shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Longbow Research set a $178.00 price target on shares of Whirlpool and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Buckingham Research upped their price target on shares of Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $140.09.

WHR traded up $2.60 on Friday, reaching $131.77. The company had a trading volume of 467,200 shares, compared to its average volume of 880,894. Whirlpool has a fifty-two week low of $99.40 and a fifty-two week high of $152.50. The stock has a market cap of $8.21 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.57 and a beta of 1.83. The company’s fifty day moving average is $142.68 and its 200 day moving average is $136.89. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.84.

In other Whirlpool news, CFO James W. Peters sold 650 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.51, for a total transaction of $95,231.50. Following the transaction, the chief financial officer now owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Luminus Management LLC acquired a new stake in shares of Whirlpool during the 2nd quarter worth approximately $997,000. Maverick Capital Ltd. acquired a new stake in shares of Whirlpool during the 2nd quarter worth approximately $2,748,000. Primecap Management Co. CA lifted its stake in Whirlpool by 0.8% in the 2nd quarter. Primecap Management Co. CA now owns 7,809,340 shares of the company’s stock valued at $1,111,738,000 after purchasing an additional 61,160 shares during the last quarter. HM Payson & Co. bought a new position in Whirlpool in the 2nd quarter valued at approximately $1,312,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in Whirlpool by 9.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,660 shares of the company’s stock valued at $2,230,000 after purchasing an additional 1,297 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.

About Whirlpool

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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