Whirlpool (NYSE:WHR) announced its earnings results on Monday. The company reported $4.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.80 by $0.21, RTT News reports. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.20 earnings per share. Whirlpool updated its FY 2019 guidance to $14.75-15.50 EPS and its FY19 guidance to $14.75-$15.50 EPS.
Whirlpool stock traded up $0.16 during mid-day trading on Monday, reaching $148.35. 1,124,744 shares of the company were exchanged, compared to its average volume of 825,703. The firm’s fifty day simple moving average is $139.94. Whirlpool has a 12 month low of $99.40 and a 12 month high of $152.70. The company has a current ratio of 0.83, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.88 and a beta of 1.80.
A number of brokerages have recently weighed in on WHR. Buckingham Research lowered their target price on Wells Fargo & Co from $53.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Zacks Investment Research upgraded Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Saturday, April 27th. Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Friday, May 10th. Finally, ValuEngine upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $140.09.
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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