Whirlpool (NYSE:WHR) Issues FY22 Earnings Guidance

Whirlpool (NYSE:WHR – Get Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided EPS guidance of $22.00-24.00 for the period, compared to the consensus EPS estimate of $24.23. The company issued revenue guidance of $20.7 billion, compared to the consensus revenue estimate of $21.84 billion. Whirlpool also updated its FY 2022 guidance to $22.00-$24.00 EPS.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Cfra lowered Whirlpool to a sell rating and set a $180.00 target price on the stock. in a research report on Friday, April 8th. Credit Suisse Group began coverage on Whirlpool in a report on Tuesday, April 5th. They issued a neutral rating and a $180.00 target price on the stock. TheStreet lowered Whirlpool from a b rating to a c+ rating in a report on Monday. JPMorgan Chase & Co. decreased their price target on Whirlpool from $227.00 to $191.00 in a research report on Friday, July 15th. Finally, StockNews.com started coverage on Whirlpool in a research report on Thursday, March 31st. They issued a hold rating for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $198.00.

Whirlpool Trading Up 1.7 %

NYSE:WHR traded up $2.91 during mid-day trading on Thursday, reaching $172.00. 11,742 shares of the company’s stock traded hands, compared to its average volume of 1,032,544. Whirlpool has a 12-month low of $145.93 and a 12-month high of $245.44. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.33 and a beta of 1.56. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 0.70. The company has a 50 day moving average price of $165.41 and a 200-day moving average price of $183.31.

Whirlpool (NYSE:WHR – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The company reported $5.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.73. Whirlpool had a return on equity of 28.99% and a net margin of 3.33%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the previous year, the business earned $6.64 EPS. Whirlpool’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Whirlpool will post 24.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WHR. Geneos Wealth Management Inc. boosted its position in shares of Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Whirlpool by 526.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. Covestor Ltd lifted its position in Whirlpool by 67.7% in the 1st quarter. Covestor Ltd now owns 669 shares of the company’s stock valued at $116,000 after acquiring an additional 270 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Whirlpool by 16.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 717 shares of the company’s stock valued at $124,000 after acquiring an additional 103 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in Whirlpool by 32.2% in the 1st quarter. Forum Financial Management LP now owns 1,236 shares of the company’s stock valued at $213,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

About Whirlpool

(Get Rating)

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.