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.
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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
A number of research firms recently weighed in on WHR. The Goldman Sachs Group reaffirmed a neutral rating and issued a $160.00 price objective on shares of Whirlpool in a research note on Thursday, November 17th. Credit Suisse Group lowered their price objective on shares of Whirlpool to $157.00 in a research note on Thursday, October 20th. Bank of America lowered shares of Whirlpool from a neutral rating to an underperform rating and decreased their price target for the company from $155.00 to $119.00 in a research report on Wednesday, October 26th. StockNews.com lowered shares of Whirlpool from a hold rating to a sell rating in a research report on Tuesday. Finally, Royal Bank of Canada increased their price target on shares of Whirlpool from $108.00 to $118.00 and gave the company an underperform rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of Reduce and an average price target of $145.17.
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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