Whirlpool (NYSE:WHR) Issues FY24 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $13.00-$15.00 for the period, compared to the consensus EPS estimate of $13.21. The company issued revenue guidance of $16.9 billion, compared to the consensus revenue estimate of $16.82 billion.

Whirlpool Trading Up 0.2 %

Shares of Whirlpool stock traded up $0.26 on Wednesday, hitting $105.65. 1,701,258 shares of the company traded hands, compared to its average volume of 1,288,638. The stock’s 50 day moving average price is $109.71 and its 200-day moving average price is $113.13. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. Whirlpool has a 52 week low of $98.40 and a 52 week high of $160.62. The company has a market cap of $5.77 billion, a PE ratio of 12.13 and a beta of 1.48.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.08. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. Whirlpool’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.66 earnings per share. Equities research analysts predict that Whirlpool will post 13.64 EPS for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio is currently 80.37%.

Analyst Ratings Changes

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