Whirlpool (NYSE:WHR) Updates FY 2024 Earnings Guidance

by · The Cerbat Gem

Whirlpool (NYSE:WHR – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 12.000-12.000 for the period, compared to the consensus earnings per share estimate of 11.620. The company issued revenue guidance of $16.9 billion-, compared to the consensus revenue estimate of $16.8 billion. Whirlpool also updated its FY24 guidance to approx $12.00 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WHR shares. Royal Bank of Canada reduced their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Bank of America began coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.75.

Get Our Latest Research Report on WHR

Whirlpool Trading Down 2.9 %

Shares of NYSE:WHR traded down $3.01 during trading on Wednesday, reaching $99.28. The stock had a trading volume of 1,405,280 shares, compared to its average volume of 1,190,877. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The firm’s fifty day moving average is $101.56 and its 200 day moving average is $98.89. Whirlpool has a 52 week low of $84.18 and a 52 week high of $129.30. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 10.27 and a beta of 1.44.

Whirlpool (NYSE:WHR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $4.21 EPS. Whirlpool’s revenue was down 16.8% compared to the same quarter last year. As a group, equities analysts forecast that Whirlpool will post 11.24 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 7.05%. Whirlpool’s payout ratio is 72.39%.

Insider Activity at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.05% of the stock is owned by insiders.

Whirlpool Company Profile

(Get Free Report)

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.

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