Analysts Expect Whirlpool Co. (NYSE:WHR) to Post $3.86 Earnings Per Share

Wall Street brokerages forecast that Whirlpool Co. (NYSE:WHR) will report $3.86 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Whirlpool’s earnings, with the highest EPS estimate coming in at $4.02 and the lowest estimate coming in at $3.52. Whirlpool posted earnings per share of $4.55 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 report 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 financial year, analysts forecast that the firm will post earnings of $16.67 per share, with EPS estimates ranging from $15.98 to $17.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Whirlpool.

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

WHR has been the subject of a number of research analyst reports. Buckingham Research increased their target price on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Longbow Research set a $178.00 target price on Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research lowered Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Gabelli reiterated a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. Finally, ValuEngine lowered Whirlpool from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $140.09.

In related news, CFO James W. Peters sold 650 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the completion of the sale, the chief financial officer now directly owns 18,569 shares in the company, valued at $2,720,544.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in WHR. LLBH Private Wealth Management LLC purchased a new stake in shares of Whirlpool during the second quarter worth $177,000. Vanguard Group Inc. raised its holdings in shares of Whirlpool by 7.4% during the second quarter. Vanguard Group Inc. now owns 7,768,601 shares of the company’s stock worth $1,105,937,000 after acquiring an additional 536,865 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Whirlpool during the first quarter worth $46,489,000. Nuveen Asset Management LLC raised its holdings in shares of Whirlpool by 220.3% during the second quarter. Nuveen Asset Management LLC now owns 384,826 shares of the company’s stock worth $54,784,000 after acquiring an additional 264,694 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Whirlpool by 487.1% during the fourth quarter. FMR LLC now owns 307,712 shares of the company’s stock worth $32,885,000 after acquiring an additional 255,304 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.

Shares of WHR traded up $2.60 during mid-day trading on Friday, reaching $131.77. The company’s stock had a trading volume of 467,200 shares, compared to its average volume of 880,894. The business has a fifty day moving average of $142.68 and a 200 day moving average of $136.89. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 1.57 and a beta of 1.83. Whirlpool has a 1 year low of $99.40 and a 1 year high of $152.50. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

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.

Recommended Story: Buyback

Get a free copy of the Zacks research report on Whirlpool (WHR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.