Whirlpool (WHR) Set to Announce Quarterly Earnings on Wednesday

Whirlpool (NYSE:WHR) is set to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $3.04 per share for the quarter. Whirlpool has set its FY24 guidance at approx $12.00 EPS and its FY 2024 guidance at 12.000-12.000 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.39. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. Whirlpool’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.21 EPS. On average, analysts expect Whirlpool to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Whirlpool Stock Performance

Shares of WHR stock opened at $105.06 on Tuesday. The company has a market capitalization of $5.77 billion, a P/E ratio of 10.86 and a beta of 1.44. Whirlpool has a 52 week low of $84.18 and a 52 week high of $130.27. 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 company’s 50 day moving average price is $101.34 and its two-hundred day moving average price is $98.98.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.66%. Whirlpool’s payout ratio is 72.39%.

Insider Activity

In related news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About Whirlpool

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.