Whirlpool (NYSE:WHR) Releases FY 2024 Earnings Guidance

Whirlpool (NYSE:WHR) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 12.000-12.000 for the period, compared to the consensus estimate of 11.620. The company issued revenue guidance of $16.9 billion-, compared to the consensus revenue estimate of $16.8 billion. Whirlpool also updated its FY24 guidance to approx $12.00 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WHR. Bank of America increased their price target on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday. Royal Bank of Canada reduced their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Whirlpool has a consensus rating of “Hold” and an average target price of $107.00.

Whirlpool Stock Performance

Shares of NYSE:WHR traded down $6.32 during mid-day trading on Friday, reaching $104.05. The company had a trading volume of 1,547,061 shares, compared to its average volume of 1,201,430. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 10.76 and a beta of 1.44. The company’s 50-day moving average price is $102.00 and its 200-day moving average price is $98.88. Whirlpool has a one year low of $84.18 and a one year high of $125.68.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. Whirlpool’s revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.45 EPS. As a group, equities research analysts anticipate that Whirlpool will post 11.24 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.73%. Whirlpool’s dividend payout ratio is 72.39%.

Insider Activity at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were 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 directly 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 Securities & Exchange Commission, which is available at this link. 2.05% of the stock is owned by company insiders.

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.