Whirlpool (NYSE:WHR) Updates FY24 Earnings Guidance

Whirlpool (NYSE:WHR - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $13.00-$15.00 for the period, compared to the consensus EPS estimate of $13.21. The company issued revenue guidance of $16.9 billion, compared to the consensus revenue estimate of $16.82 billion.

Whirlpool Trading Up 0.2 %

Shares of NYSE WHR traded up $0.26 during mid-day trading on Wednesday, reaching $105.65. 1,701,258 shares of the company's stock were exchanged, compared to its average volume of 1,288,638. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 12.13 and a beta of 1.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. Whirlpool has a 52-week low of $98.40 and a 52-week high of $160.62. The company's 50-day moving average is $109.71 and its 200-day moving average is $113.13.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.08. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The business had revenue of $4.49 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the prior year, the business posted $2.66 EPS. The company's revenue was down 3.4% compared to the same quarter last year. Analysts expect that Whirlpool will post 13.64 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool's payout ratio is 80.37%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WHR. JPMorgan Chase & Co. decreased their target price on Whirlpool from $120.00 to $111.00 and set a neutral rating on the stock in a research note on Friday, February 2nd. StockNews.com raised Whirlpool from a hold rating to a buy rating in a research note on Tuesday, February 27th. Royal Bank of Canada reduced their price target on Whirlpool from $92.00 to $85.00 and set an underperform rating on the stock in a research report on Wednesday, January 31st. TheStreet raised Whirlpool from a d+ rating to a c+ rating in a research report on Monday, January 29th. Finally, Loop Capital started coverage on Whirlpool in a research report on Thursday, February 22nd. They issued a buy rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $114.60.

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.