$5.85 Billion in Sales Expected for Whirlpool Co. (NYSE:WHR) This Quarter

Brokerages expect Whirlpool Co. (NYSE:WHR) to report $5.85 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Whirlpool’s earnings, with the lowest sales estimate coming in at $5.79 billion and the highest estimate coming in at $5.91 billion. Whirlpool reported sales of $5.80 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The business is expected to report its next earnings report on Wednesday, January 26th.

On average, analysts expect that Whirlpool will report full-year sales of $22.02 billion for the current year, with estimates ranging from $21.96 billion to $22.08 billion. For the next fiscal year, analysts forecast that the firm will report sales of $22.69 billion, with estimates ranging from $22.38 billion to $22.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Whirlpool.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 20th. The company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.15 by $0.53. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Whirlpool had a return on equity of 34.36% and a net margin of 9.02%. During the same period in the previous year, the firm posted $6.91 earnings per share.

WHR has been the subject of a number of research reports. Royal Bank of Canada cut shares of Whirlpool from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $208.00 to $190.00 in a research report on Monday, October 25th. Bank of America lowered their price target on shares of Whirlpool from $250.00 to $240.00 and set a “neutral” rating on the stock in a research report on Monday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $227.23.

Shares of Whirlpool stock traded down $0.01 on Friday, hitting $231.26. The company’s stock had a trading volume of 318,218 shares, compared to its average volume of 649,236. The company has a market capitalization of $14.05 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 1.05 and a beta of 1.77. Whirlpool has a 52-week low of $171.33 and a 52-week high of $257.68. The firm has a fifty day moving average price of $213.34 and a 200-day moving average price of $220.96. The company has a quick ratio of 0.83, a current ratio of 1.17 and a debt-to-equity ratio of 0.97.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Friday, November 19th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 18th. Whirlpool’s payout ratio is 17.93%.

In related news, Director Gary T. Dicamillo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $211.67, for a total transaction of $211,670.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

A number of large investors have recently bought and sold shares of WHR. Amundi Pioneer Asset Management Inc. raised its stake in Whirlpool by 255.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock worth $17,483,000 after purchasing an additional 94,587 shares during the period. Captrust Financial Advisors raised its stake in Whirlpool by 190.2% during the first quarter. Captrust Financial Advisors now owns 2,359 shares of the company’s stock worth $520,000 after purchasing an additional 1,546 shares during the period. Royal Bank of Canada raised its stake in Whirlpool by 15.8% during the first quarter. Royal Bank of Canada now owns 50,189 shares of the company’s stock worth $11,061,000 after purchasing an additional 6,840 shares during the period. Capital Analysts LLC purchased a new position in Whirlpool during the first quarter worth approximately $77,000. Finally, State of Wisconsin Investment Board raised its stake in Whirlpool by 8.3% during the first quarter. State of Wisconsin Investment Board now owns 80,437 shares of the company’s stock worth $17,724,000 after purchasing an additional 6,174 shares during the period. 92.51% of the stock is currently owned by institutional investors.

About Whirlpool

Whirlpool Corp. engages in manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The company’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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