Whirlpool (NYSE:WHR – Get Free Report) released its earnings results on Wednesday. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.17, Briefing.com reports. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.66 EPS. Whirlpool updated its FY24 guidance to $13.00-$15.00 EPS.
Whirlpool Stock Up 0.2 %
NYSE WHR opened at $105.65 on Thursday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. The company has a market capitalization of $5.77 billion, a P/E ratio of 12.13 and a beta of 1.48. Whirlpool has a one year low of $98.40 and a one year high of $160.62. The stock has a 50 day moving average price of $109.71 and a 200-day moving average price of $113.13.
Whirlpool Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.63%. Whirlpool’s dividend payout ratio is currently 80.37%.
Wall Street Analysts Forecast Growth
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Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
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