$5.04 Billion in Sales Expected for Whirlpool Co. (NYSE:WHR) This Quarter

Equities analysts expect that Whirlpool Co. (NYSE:WHR) will report $5.04 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Whirlpool’s earnings, with estimates ranging from $4.78 billion to $5.19 billion. Whirlpool reported sales of $5.33 billion in the same quarter last year, which would suggest a negative year over year growth rate of 5.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Whirlpool will report full-year sales of $20.41 billion for the current fiscal year, with estimates ranging from $19.86 billion to $20.62 billion. For the next financial year, analysts anticipate that the firm will report sales of $20.37 billion, with estimates ranging from $19.25 billion to $20.97 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Whirlpool.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.21. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.20 EPS.

Several brokerages have issued reports on WHR. TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. ValuEngine cut Whirlpool from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Gabelli restated a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. Longbow Research set a $178.00 target price on Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Buckingham Research upped their target price on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $140.09.

NYSE:WHR traded up $2.60 during trading hours on Tuesday, hitting $131.77. The company had a trading volume of 467,200 shares, compared to its average volume of 880,894. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The company has a 50-day moving average of $142.68 and a 200 day moving average of $136.89. The company has a market cap of $8.21 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.57 and a beta of 1.83. Whirlpool has a 1 year low of $99.40 and a 1 year high of $152.50.

In other news, CFO James W. Peters sold 650 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the completion of the transaction, the chief financial officer now directly owns 18,569 shares in the company, valued at approximately $2,720,544.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of WHR. Penserra Capital Management LLC acquired a new position in Whirlpool during the 1st quarter worth about $27,000. SevenBridge Financial Group LLC raised its position in Whirlpool by 248.1% in the 2nd quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Whirlpool in the 1st quarter valued at about $28,000. Pearl River Capital LLC acquired a new stake in Whirlpool in the 2nd quarter valued at about $29,000. Finally, Doyle Wealth Management acquired a new stake in Whirlpool in the 2nd quarter valued at about $35,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

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 and Estimates for Whirlpool (NYSE:WHR)

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