Whirlpool (NYSE:WHR) Issues FY24 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of approx $12.00 for the period, compared to the consensus estimate of $11.48. The company issued revenue guidance of approx $16.9 billion, compared to the consensus revenue estimate of $16.77 billion. Whirlpool also updated its FY 2024 guidance to 12.000-12.000 EPS.

Analysts Set New Price Targets

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

Whirlpool Price Performance

Shares of Whirlpool stock traded down $3.01 on Wednesday, hitting $99.28. The company’s stock had a trading volume of 1,405,280 shares, compared to its average volume of 1,190,877. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $5.45 billion, a P/E ratio of 10.27 and a beta of 1.44. The firm has a fifty day moving average price of $101.47 and a 200-day moving average price of $98.88. Whirlpool has a 52-week low of $84.18 and a 52-week high of $129.30.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.39. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.21 earnings per share. On average, equities research analysts expect that Whirlpool will post 11.24 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

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

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on 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 directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.05% of the stock is owned by corporate insiders.

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.