Whirlpool (WHR) Scheduled to Post Quarterly Earnings on Wednesday

Whirlpool (NYSE:WHR) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.70 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.32. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. Whirlpool’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.89 earnings per share. On average, analysts expect Whirlpool to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Whirlpool Stock Up 0.8 %

Shares of Whirlpool stock opened at $105.47 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The business’s 50 day simple moving average is $109.80 and its 200-day simple moving average is $113.31. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 12.11 and a beta of 1.48. Whirlpool has a twelve month low of $98.40 and a twelve month high of $160.62.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date is Thursday, May 16th. Whirlpool’s payout ratio is 80.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WHR shares. StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Royal Bank of Canada dropped their price target on Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Loop Capital assumed coverage on Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $114.60.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.