Whirlpool (NYSE:WHR) Updates FY24 Earnings Guidance

Whirlpool (NYSE:WHR) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $13.00-$15.00 for the period, compared to the consensus earnings per share estimate of $13.21. The company issued revenue guidance of $16.9 billion, compared to the consensus revenue estimate of $16.82 billion.

Whirlpool Price Performance

Shares of WHR traded up $0.29 during mid-day trading on Wednesday, reaching $105.68. 1,659,359 shares of the company’s stock were exchanged, compared to its average volume of 1,287,562. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 2.53. The company has a 50-day simple moving average of $109.77 and a two-hundred day simple moving average of $113.18. Whirlpool has a 52-week low of $98.40 and a 52-week high of $160.62. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 12.21 and a beta of 1.48.

Whirlpool (NYSE:WHR) last released its earnings results on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.53 by $0.32. The firm had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. Whirlpool’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.89 EPS. On average, sell-side analysts predict that Whirlpool will post 13.64 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 6.62%. Whirlpool’s dividend payout ratio is presently 80.37%.

Analysts Set New Price Targets

Several analysts have recently issued reports on WHR shares. TheStreet raised shares of Whirlpool from a d+ rating to a c+ rating in a research note on Monday, January 29th. Royal Bank of Canada lowered their price objective on shares of Whirlpool from $92.00 to $85.00 and set an underperform rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Whirlpool from $120.00 to $111.00 and set a neutral rating for the company in a research note on Friday, February 2nd. StockNews.com upgraded shares of Whirlpool from a hold rating to a buy rating in a report on Tuesday, February 27th. Finally, Loop Capital began coverage on shares of Whirlpool in a report on Thursday, February 22nd. They set a buy rating and a $140.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $114.60.

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.