Zacks: Brokerages Anticipate Whirlpool Co. (NYSE:WHR) to Post $3.74 Earnings Per Share

Analysts predict that Whirlpool Co. (NYSE:WHR) will post earnings of $3.74 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Whirlpool’s earnings. The highest EPS estimate is $4.02 and the lowest is $3.49. Whirlpool posted earnings per share of $3.20 during the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The company is expected to announce its next earnings results after the market closes on Monday, July 22nd.

On average, analysts expect that Whirlpool will report full year earnings of $14.68 per share for the current fiscal year, with EPS estimates ranging from $14.50 to $14.96. For the next financial year, analysts anticipate that the firm will post earnings of $16.48 per share, with EPS estimates ranging from $15.76 to $17.00. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Whirlpool.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.07. The company had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.83 billion. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. Whirlpool’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $2.81 earnings per share.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. ValuEngine raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Raymond James reissued a “hold” rating on shares of Whirlpool in a research note on Monday, March 18th. Finally, Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $137.94.

Large investors have recently modified their holdings of the business. Financial Advocates Investment Management boosted its stake in shares of Whirlpool by 217.4% during the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Truvestments Capital LLC purchased a new position in shares of Whirlpool during the 1st quarter worth about $28,000. Penserra Capital Management LLC purchased a new position in shares of Whirlpool during the 1st quarter worth about $27,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of Whirlpool during the 4th quarter worth about $26,000. Finally, Thor Advisors LLC purchased a new position in shares of Whirlpool during the 1st quarter worth about $38,000. 94.08% of the stock is owned by institutional investors and hedge funds.

WHR opened at $142.36 on Wednesday. The stock has a market capitalization of $8.85 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.68. The company’s fifty day moving average is $130.67. Whirlpool has a fifty-two week low of $99.40 and a fifty-two week high of $156.51. The company has a quick ratio of 0.53, a current ratio of 0.83 and a debt-to-equity ratio of 1.29.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were paid a $1.20 dividend. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 31.66%.

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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