Whirlpool (NYSE:WHR) Posts Earnings Results, Beats Estimates By $0.64 EPS

Whirlpool (NYSE:WHR) released its quarterly earnings results on Wednesday. The company reported $6.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.00 by $0.64, MarketWatch Earnings reports. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.03 billion. Whirlpool had a return on equity of 32.25% and a net margin of 6.65%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 EPS. Whirlpool updated its FY 2021 guidance to $26.000-$26.000 EPS and its FY21 guidance to ~$26.00 EPS.

Whirlpool stock traded up $4.07 during mid-day trading on Wednesday, reaching $217.25. 1,158,115 shares of the company were exchanged, compared to its average volume of 682,658. Whirlpool has a twelve month low of $143.27 and a twelve month high of $257.68. The stock has a 50-day moving average price of $226.21. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.15 and a beta of 1.87.

In other news, CEO Marc R. Bitzer sold 64,802 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $236.40, for a total value of $15,319,192.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph T. Liotine sold 48,432 shares of the firm’s stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $236.83, for a total value of $11,470,150.56. Following the completion of the sale, the executive vice president now directly owns 26,749 shares of the company’s stock, valued at $6,334,965.67. The disclosure for this sale can be found here. Insiders have sold a total of 210,609 shares of company stock valued at $50,730,909 over the last ninety days. 1.35% of the stock is owned by insiders.

WHR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Whirlpool from $258.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 7th. Royal Bank of Canada raised their price target on Whirlpool from $201.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Friday, April 23rd. Finally, Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $225.00 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $209.50.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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Earnings History for Whirlpool (NYSE:WHR)

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