Whirlpool (WHR) Set to Announce Earnings on Wednesday

Whirlpool (NYSE:WHR - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.70 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.32. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.98 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. Whirlpool's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.89 earnings per share. On average, analysts expect Whirlpool to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Whirlpool Price Performance

Shares of Whirlpool stock traded up $0.26 during midday trading on Thursday, reaching $104.11. The company had a trading volume of 916,092 shares, compared to its average volume of 1,290,076. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 11.95 and a beta of 1.48. The stock has a fifty day simple moving average of $110.03 and a 200 day simple moving average of $113.86. Whirlpool has a 1-year low of $98.40 and a 1-year high of $160.62.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Thursday, May 16th. Whirlpool's dividend payout ratio is currently 80.37%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Whirlpool from $120.00 to $111.00 and set a "neutral" rating for the company in a report on Friday, February 2nd. TheStreet raised shares of Whirlpool from a "d+" rating to a "c+" rating in a report on Monday, January 29th. StockNews.com raised shares of Whirlpool from a "hold" rating to a "buy" rating in a report on Tuesday, February 27th. Loop Capital assumed coverage on shares of Whirlpool in a report on Thursday, February 22nd. They set a "buy" rating and a $140.00 target price for the company. Finally, Royal Bank of Canada lowered their target price on shares of Whirlpool from $92.00 to $85.00 and set an "underperform" rating for the company in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $114.60.

Hedge Funds Weigh In On Whirlpool

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Whirlpool by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 74,361 shares of the company's stock worth $9,055,000 after purchasing an additional 1,406 shares in the last quarter. SageView Advisory Group LLC lifted its position in Whirlpool by 19.7% in the 4th quarter. SageView Advisory Group LLC now owns 2,772 shares of the company's stock valued at $338,000 after acquiring an additional 457 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Whirlpool by 2.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 22,407 shares of the company's stock valued at $2,728,000 after acquiring an additional 612 shares in the last quarter. NFJ Investment Group LLC lifted its position in Whirlpool by 15.6% in the 4th quarter. NFJ Investment Group LLC now owns 107,407 shares of the company's stock valued at $13,079,000 after acquiring an additional 14,480 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Whirlpool by 161.2% in the 4th quarter. Voloridge Investment Management LLC now owns 300,904 shares of the company's stock valued at $36,641,000 after acquiring an additional 185,723 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Company Profile

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.