Whirlpool (NYSE:WHR) Releases FY24 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of approx $12.00 for the period, compared to the consensus EPS estimate of $11.48. The company issued revenue guidance of approx $16.9 billion, compared to the consensus revenue estimate of $16.77 billion.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America started coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective for the company. Royal Bank of Canada cut their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $103.75.

Whirlpool Trading Down 2.9 %

NYSE WHR traded down $3.01 during trading hours on Wednesday, reaching $99.28. The company had a trading volume of 1,417,757 shares, compared to its average volume of 1,190,780. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. Whirlpool has a 1-year low of $84.18 and a 1-year high of $129.30. The stock has a market capitalization of $5.45 billion, a P/E ratio of 10.56 and a beta of 1.44. The stock has a 50-day moving average of $101.47 and a 200 day moving average of $98.88.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the firm earned $4.21 EPS. The company’s revenue was down 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Whirlpool will post 11.24 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s payout ratio is 72.39%.

Insider Buying and Selling

In other news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.05% of the stock is currently owned by company insiders.

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.