Whirlpool (WHR) Posts Earnings Results, Beats Estimates By $0.45 EPS

Whirlpool (NYSE:WHR) issued its quarterly earnings results on Monday, January 28th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.30 by $0.45, Bloomberg Earnings reports. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the company earned $4.10 EPS. Whirlpool’s revenue was down .7% on a year-over-year basis. Whirlpool updated its FY 2019 guidance to $14.00-15.00 EPS and its FY19 guidance to $14.00-15.00 EPS.

NYSE WHR opened at $137.95 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.55 and a current ratio of 0.82. Whirlpool has a 1 year low of $99.40 and a 1 year high of $180.00. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.88 and a beta of 1.63.

A number of research analysts have weighed in on the stock. Royal Bank of Canada lowered shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target on the stock. in a research note on Wednesday, January 30th. Raymond James lowered shares of Whirlpool from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Zacks Investment Research lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Buckingham Research started coverage on shares of Whirlpool in a research note on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price target on the stock. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $125.00 price objective on shares of Whirlpool in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $146.40.

In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $133.54, for a total transaction of $379,921.30. Following the sale, the director now directly owns 6,550 shares of the company’s stock, valued at $874,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA increased its holdings in shares of Whirlpool by 36.1% in the third quarter. Primecap Management Co. CA now owns 7,650,140 shares of the company’s stock valued at $908,454,000 after purchasing an additional 2,030,902 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Whirlpool by 0.9% in the third quarter. Vanguard Group Inc. now owns 6,780,498 shares of the company’s stock valued at $805,183,000 after purchasing an additional 62,275 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Whirlpool by 0.9% in the third quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock valued at $805,183,000 after purchasing an additional 62,275 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Whirlpool by 9,212.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock valued at $31,000 after purchasing an additional 3,268,195 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of Whirlpool by 8,342.6% in the fourth quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock valued at $333,393,000 after purchasing an additional 3,082,657 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

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Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

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Earnings History for Whirlpool (NYSE:WHR)

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