Whirlpool Corporation (NYSE:WHR) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $14.50-15.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.97.
Shares of Whirlpool Corporation (NYSE WHR) traded down 0.48% on Monday, reaching $176.96. The company had a trading volume of 104,573 shares. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The company has a market capitalization of $12.91 billion, a P/E ratio of 17.71 and a beta of 1.79. The company has a 50 day moving average of $190.84 and a 200-day moving average of $181.45.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.54 by $0.19. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $3.50 earnings per share. Analysts predict that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a top pick rating and set a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Zacks Investment Research downgraded Whirlpool Corporation from a hold rating to a sell rating in a report on Wednesday, April 19th. BidaskClub downgraded Whirlpool Corporation from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group started coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They issued a neutral rating and a $208.00 target price for the company. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $194.71.
In related news, Director William D. Perez purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc R. Bitzer sold 19,314 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total value of $3,550,685.76. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by insiders.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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