Whirlpool (NYSE:WHR) Posts Earnings Results, Beats Estimates By $0.21 EPS

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.

Institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC acquired a new stake in shares of Whirlpool during the 2nd quarter valued at $1,039,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Whirlpool by 269.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 20,568 shares of the company’s stock valued at $2,927,000 after acquiring an additional 15,003 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Whirlpool by 247.5% during the 2nd quarter. Bessemer Group Inc. now owns 1,470 shares of the company’s stock valued at $209,000 after acquiring an additional 1,047 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Whirlpool by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,211 shares of the company’s stock worth $1,311,000 after buying an additional 140 shares during the period. Finally, Machina Capital S.A.S. lifted its holdings in Whirlpool by 114.4% during the 2nd quarter. Machina Capital S.A.S. now owns 5,604 shares of the company’s stock worth $798,000 after buying an additional 2,990 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

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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Earnings History for Whirlpool (NYSE:WHR)

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