Whirlpool (NYSE:WHR) Releases FY24 Earnings Guidance

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WHR shares. Loop Capital started coverage on shares of Whirlpool in a report on Thursday, February 22nd. They issued a buy rating and a $140.00 target price on the stock. TheStreet upgraded shares of Whirlpool from a d+ rating to a c+ rating in a report on Monday, January 29th. StockNews.com upgraded shares of Whirlpool from a hold rating to a buy rating in a report on Tuesday, February 27th. Royal Bank of Canada cut their price target on shares of Whirlpool from $85.00 to $79.00 and set an underperform rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $113.40.

Whirlpool Trading Down 0.2 %

WHR stock traded down $0.16 during mid-day trading on Friday, reaching $94.81. The company had a trading volume of 1,817,520 shares, compared to its average volume of 1,362,001. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57. The company has a market capitalization of $5.18 billion, a PE ratio of 13.08 and a beta of 1.48. The firm has a 50 day moving average of $109.41 and a 200 day moving average of $113.00. Whirlpool has a 12 month low of $91.90 and a 12 month high of $160.62.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 36.24%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.66 EPS. On average, equities analysts predict that Whirlpool will post 12.85 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 7.38%. Whirlpool’s dividend payout ratio is currently 96.42%.

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.