Whirlpool (NYSE:WHR) Issues Earnings Results, Beats Estimates By $0.64 EPS

Whirlpool (NYSE:WHR) issued its earnings results on Tuesday. The company reported $6.64 EPS for the quarter, topping analysts’ consensus estimates of $6.00 by $0.64, MarketWatch Earnings reports. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Whirlpool had a net margin of 6.65% and a return on equity of 32.25%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 EPS.

Shares of WHR traded down $2.32 during trading hours on Thursday, reaching $214.93. 87,720 shares of the company traded hands, compared to its average volume of 537,250. The firm has a fifty day moving average price of $226.21. The stock has a market cap of $13.46 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.15 and a beta of 1.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.23 and a quick ratio of 0.92. Whirlpool has a 12 month low of $143.27 and a 12 month high of $257.68.

In related news, CEO Marc R. Bitzer sold 64,802 shares of the business’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $236.40, for a total transaction of $15,319,192.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gilles Morel sold 5,086 shares of Whirlpool stock in a transaction dated Friday, April 23rd. The stock was sold at an average price of $240.23, for a total transaction of $1,221,809.78. Following the completion of the transaction, the executive vice president now directly owns 2,293 shares of the company’s stock, valued at $550,847.39. The disclosure for this sale can be found here. Insiders have sold a total of 210,609 shares of company stock worth $50,730,909 in the last ninety days. Insiders own 1.35% of the company’s stock.

WHR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Whirlpool from a “hold” rating to a “buy” rating and set a $225.00 target price on the stock in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Whirlpool from $258.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, April 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Whirlpool from $201.00 to $210.00 and gave the company a “sector perform” rating in a research report on Friday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $209.50.

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 and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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Earnings History for Whirlpool (NYSE:WHR)

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