$5.02 Billion in Sales Expected for Whirlpool Co. (WHR) This Quarter

Analysts predict that Whirlpool Co. (NYSE:WHR) will report $5.02 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Whirlpool’s earnings, with the lowest sales estimate coming in at $4.89 billion and the highest estimate coming in at $5.16 billion. Whirlpool reported sales of $4.79 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings results on Monday, April 23rd.

According to Zacks, analysts expect that Whirlpool will report full year sales of $5.02 billion for the current fiscal year, with estimates ranging from $21.78 billion to $22.40 billion. For the next financial year, analysts forecast that the firm will post sales of $22.57 billion per share, with estimates ranging from $22.44 billion to $22.80 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Whirlpool.

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Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $4.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.09. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $4.33 earnings per share.

A number of equities research analysts have commented on WHR shares. Raymond James Financial raised Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a report on Friday, January 26th. Royal Bank of Canada lifted their target price on Whirlpool to $200.00 and gave the stock an “in-line” rating in a report on Monday, January 29th. ValuEngine raised Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Whirlpool in a report on Monday, January 29th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $189.40.

Several hedge funds have recently modified their holdings of WHR. Sei Investments Co. increased its holdings in shares of Whirlpool by 74.3% in the third quarter. Sei Investments Co. now owns 18,821 shares of the company’s stock worth $3,471,000 after purchasing an additional 8,021 shares during the last quarter. New York State Common Retirement Fund increased its stake in Whirlpool by 1.0% during the third quarter. New York State Common Retirement Fund now owns 157,700 shares of the company’s stock worth $29,086,000 after acquiring an additional 1,500 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Whirlpool by 3.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,929 shares of the company’s stock worth $1,623,000 after acquiring an additional 323 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Whirlpool by 26.4% during the third quarter. Advisors Asset Management Inc. now owns 4,566 shares of the company’s stock worth $842,000 after acquiring an additional 955 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in Whirlpool by 5.3% during the third quarter. Commonwealth Equity Services Inc now owns 6,285 shares of the company’s stock worth $1,159,000 after acquiring an additional 317 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WHR stock opened at $152.63 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $11,185.69, a PE ratio of 33.47, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. Whirlpool has a twelve month low of $152.40 and a twelve month high of $202.99.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were issued a $1.10 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $4.40 annualized dividend and a dividend yield of 2.88%. Whirlpool’s dividend payout ratio (DPR) is 96.49%.

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Whirlpool Company Profile

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

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Earnings History and Estimates for Whirlpool (NYSE:WHR)

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