Whirlpool (NYSE:WHR – Get Rating) updated its FY 2023 earnings guidance on Monday. The company provided EPS guidance of $16.00-$18.00 for the period, compared to the consensus EPS estimate of $15.65. The company issued revenue guidance of $19.40 billion-$19.40 billion, compared to the consensus revenue estimate of $19.21 billion. Whirlpool also updated its FY23 guidance to $16.00-18.00 EPS.

Whirlpool Stock Up 0.6 %

NYSE WHR opened at $156.50 on Thursday. The company's 50-day moving average price is $147.25 and its 200-day moving average price is $150.14. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.74 and a current ratio of 1.08. Whirlpool has a 12 month low of $124.43 and a 12 month high of $211.29.

Whirlpool (NYSE:WHR – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.29 by $0.60. The firm had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.92 billion. Whirlpool had a negative net margin of 7.71% and a positive return on equity of 27.98%. The business's revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.14 earnings per share. As a group, sell-side analysts expect that Whirlpool will post 16.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Hedge Funds Weigh In On Whirlpool

Several hedge funds have recently modified their holdings of WHR. Geneos Wealth Management Inc. increased its holdings in shares of Whirlpool by 96.2% during the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company's stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Whirlpool by 526.3% during the first quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company's stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. Covestor Ltd increased its holdings in shares of Whirlpool by 67.7% during the first quarter. Covestor Ltd now owns 669 shares of the company's stock valued at $116,000 after acquiring an additional 270 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Whirlpool by 16.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 717 shares of the company's stock worth $124,000 after buying an additional 103 shares during the period. Finally, Putnam Investments LLC acquired a new position in Whirlpool in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 92.14% of the company's stock.

Whirlpool Company Profile

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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm's brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.

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