Whirlpool (NYSE:WHR) Issues Earnings Results

Whirlpool (NYSE:WHR) announced its quarterly earnings results on Wednesday. The company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39, Briefing.com reports. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the company earned $5.45 EPS. The company’s quarterly revenue was down 18.9% on a year-over-year basis. Whirlpool updated its FY24 guidance to approx $12.00 EPS and its FY 2024 guidance to 12.000-12.000 EPS.

Whirlpool Stock Performance

WHR traded up $9.60 during trading hours on Thursday, hitting $108.88. 613,349 shares of the stock were exchanged, compared to its average volume of 1,188,083. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 11.00 and a beta of 1.44. Whirlpool has a 12 month low of $84.18 and a 12 month high of $127.58. The stock has a 50-day simple moving average of $101.56 and a 200-day simple moving average of $98.89. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.43%. Whirlpool’s dividend payout ratio (DPR) is presently 72.39%.

Analyst Ratings Changes

A number of research firms have recently commented on WHR. Royal Bank of Canada dropped their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. 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 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and an average target price of $103.75.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.05% of the company’s stock.

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.