Whirlpool (NYSE:WHR) Releases FY 2024 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.

Whirlpool Trading Down 5.3 %

Shares of WHR stock traded down $5.86 on Friday, hitting $104.51. The stock had a trading volume of 728,290 shares, compared to its average volume of 1,197,476. Whirlpool has a twelve month low of $84.18 and a twelve month high of $125.68. The firm has a market cap of $5.74 billion, a P/E ratio of 10.80 and a beta of 1.44. 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 company has a fifty day moving average price of $101.86 and a two-hundred day moving average price of $98.97.

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

Whirlpool Dividend Announcement

The business also recently announced 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. This represents a $7.00 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date is Friday, November 15th. Whirlpool’s payout ratio is presently 72.39%.

Wall Street Analyst Weigh In

WHR has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday. Bank of America upped their target price on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.00.

Insider Activity

In other news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is owned by insiders.

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.