Whirlpool (NYSE:WHR) released its quarterly earnings data on Wednesday. The company reported $6.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.07 by $0.57, MarketWatch Earnings reports. Whirlpool had a net margin of 4.42% and a return on equity of 22.08%. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm earned $4.91 earnings per share. Whirlpool's revenue for the quarter was up 7.7% on a year-over-year basis. Whirlpool updated its FY 2021
After-Hours guidance to 19.00-20.00 EPS and its FY21 guidance to $19.00-20.00 EPS.
NYSE:WHR opened at $212.40 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 0.98. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.90 and a beta of 2.01. Whirlpool has a one year low of $64.00 and a one year high of $214.68. The stock has a 50-day simple moving average of $188.06 and a 200 day simple moving average of $182.52.
In other Whirlpool news, CEO Marc R. Bitzer sold 39,836 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $200.45, for a total transaction of $7,985,126.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gary T. Dicamillo sold 833 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $186.29, for a total transaction of $155,179.57. The disclosure for this sale can be found here. Insiders have sold 47,463 shares of company stock worth $9,568,812 in the last 90 days. 1.20% of the stock is currently owned by insiders.
Several equities research analysts recently commented on the company. TheStreet upgraded Whirlpool from a "c+" rating to a "b" rating in a report on Wednesday, October 21st. Zacks Investment Research lowered shares of Whirlpool from a "strong-buy" rating to a "hold" rating and set a $199.00 price objective on the stock. in a research note on Wednesday, December 23rd. Royal Bank of Canada raised shares of Whirlpool from an "underperform" rating to a "sector perform" rating and boosted their target price for the stock from $163.00 to $183.00 in a research report on Friday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $192.00 to $237.00 and gave the company an "overweight" rating in a report on Friday, October 23rd. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Whirlpool from $153.00 to $199.00 and gave the stock a "hold" rating in a research note on Friday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus target price of $187.86.
Whirlpool Company Profile
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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