According to Zacks, “Owing to significant global presence, Whirlpool remains prone to adverse foreign currency movements. In fact, the company’s second quarter top-line was hurt by these currency headwinds, which are expected to linger and hurt its results through the rest of the year. Further, the company is struggling due to weak emerging market demand, specifically in Brazil. Moreover, estimates have been trending downwards lately, ahead of the company’s third-quarter earnings release, though the company has a decent earnings surprise history. Further, Whirlpool’s solid integration and cost-productivity activities are expected to enhance its performance. The company’s innovation strategy that helps it to tap additional sales and gain market share, also bodes well. Constant dividend payments and share buybacks further reflect its ability to grow earnings and cash flows.”
Other analysts have also issued research reports about the company. Bank of America Corp. restated a buy rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. MKM Partners increased their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the company a buy rating in a report on Monday, July 25th. Gabelli lowered Whirlpool Corp. from a buy rating to a hold rating in a report on Monday, September 12th. Finally, Raymond James Financial Inc. lowered Whirlpool Corp. from a strong-buy rating to a hold rating in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Whirlpool Corp. presently has a consensus rating of Buy and a consensus target price of $198.50.
Whirlpool Corp. (NYSE:WHR) opened at 162.27 on Thursday. Whirlpool Corp. has a 52-week low of $123.60 and a 52-week high of $194.10. The company’s 50-day moving average price is $171.88 and its 200 day moving average price is $176.60. The stock has a market capitalization of $12.24 billion, a P/E ratio of 14.38 and a beta of 1.61.
Whirlpool Corp. (NYSE:WHR) last posted its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. The company earned $5.21 billion during the quarter, compared to analyst estimates of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. Whirlpool Corp.’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.70 earnings per share. On average, equities research analysts predict that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s payout ratio is 35.40%.
In related news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the transaction, the insider now directly owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joao Carlos Brega sold 14,166 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the completion of the transaction, the insider now directly owns 29,043 shares in the company, valued at $5,617,787.49. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in WHR. FineMark National Bank & Trust increased its position in Whirlpool Corp. by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock valued at $108,000 after buying an additional 256 shares during the last quarter. IFP Advisors Inc increased its position in Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock valued at $112,000 after buying an additional 36 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock valued at $117,000 after buying an additional 76 shares during the last quarter. Barnett & Company Inc. purchased a new position in Whirlpool Corp. during the first quarter valued at about $126,000. Finally, First Manhattan Co. increased its stake in shares of Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock valued at $134,000 after buying an additional 360 shares in the last quarter. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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