Whirlpool (NYSE:WHR) Issues FY24 Earnings Guidance

Whirlpool (NYSE:WHR) 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 Stock Performance

Shares of NYSE WHR traded down $0.37 during mid-day trading on Friday, hitting $94.60. The stock had a trading volume of 2,579,311 shares, compared to its average volume of 1,280,114. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.57 and a current ratio of 0.95. The company has a 50 day moving average of $109.14 and a two-hundred day moving average of $112.79. Whirlpool has a twelve month low of $91.90 and a twelve month high of $160.62. The firm has a market cap of $5.17 billion, a PE ratio of 13.03 and a beta of 1.48.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.17. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.66 EPS. Research analysts predict that Whirlpool will post 13.4 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.40%. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

Analyst Upgrades and Downgrades

Several research firms have commented on WHR. Royal Bank of Canada dropped their price target on shares of Whirlpool from $85.00 to $79.00 and set an underperform rating for the company in a research note on Friday. TheStreet upgraded shares of Whirlpool from a d+ rating to a c+ rating in a research note on Monday, January 29th. Loop Capital started coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a buy rating and a $140.00 price target on the stock. StockNews.com lowered shares of Whirlpool from a buy rating to a hold rating in a research note on Friday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Whirlpool from $120.00 to $111.00 and set a neutral rating on the stock in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $113.40.

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.