Whirlpool Corporation (WHR) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Whirlpool Corporation (WHR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company reported $2.63 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $2.69. The company posted revenue of $4616.00 million in the period, compared to analysts expectations of $4687.13 million. The company’s revenue was down -4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 EPS.

Many Wall Street Analysts have commented on Whirlpool Corporation. Company shares were Reiterated by MKM Partners on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 204 from a previous price target of $175 .Whirlpool Corporation was Upgraded by Goldman to ” Buy” on Feb 4, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Top Pick”, Firm has raised the Price Target to $ 169 from a previous price target of $163 .

Whirlpool Corporation closed down -0.14 points or -0.07% at $187.31 with 8,78,948 shares getting traded on Friday. Post opening the session at $187.45, the shares hit an intraday low of $186.28 and an intraday high of $188.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Feb 19, 2016, Diane M. Dietz (director) purchased 1,000 shares at $139.62 per share price. According to the SEC, on Nov 10, 2015, William D Perez (director) purchased 1,000 shares at $154.17 per share price. On Feb 27, 2015, Esther F Berrozpe (EXECUTIVE VICE PRESIDENT) sold 1,796 shares at $212.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in 14 countries and markets products in nearly every country around the world under brand names such as Whirlpool KitchenAid Maytag Consul Brastemp Amana Bauknecht Jenn-Air and Indesit. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

Whirlpool Corporation

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