Whirlpool (NYSE:WHR – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17, Briefing.com reports. The company 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 35.16%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. Whirlpool updated its FY24 guidance to $13.00-$15.00 EPS.
Whirlpool Stock Down 0.4 %
Shares of NYSE WHR opened at $94.60 on Friday. Whirlpool has a 52 week low of $91.90 and a 52 week high of $160.62. The firm’s fifty day moving average is $109.14 and its 200 day moving average is $112.79. The company has a quick ratio of 0.57, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 13.03 and a beta of 1.48.
Whirlpool Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio is currently 96.42%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on WHR
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.
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