Whirlpool Corporation (NYSE:WHR) Receives Average Rating of "Hold" from Brokerages

Key Points

• Whirlpool Corporation has received an average rating of "Hold" from analysts, with two ratings for sell, two for hold, and two for buy.
• The company's recent quarterly earnings showed a loss of $0.20 per share compared to estimates, with revenue down 5.4% year-over-year.
• Whirlpool has announced a dividend cut, with a new quarterly dividend of $0.90, reflecting a yield of 3.9% and a payout ratio of -135.85%.

Shares of Whirlpool Corporation (NYSE:WHR - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $98.8333.

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Bank of America reiterated an "underperform" rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada dropped their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a report on Monday, June 30th. Finally, Loop Capital reiterated a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Whirlpool by 2.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,299,425 shares of the company's stock valued at $233,208,000 after purchasing an additional 63,448 shares during the last quarter. Newport Trust Company LLC increased its holdings in Whirlpool by 11.4% in the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock valued at $162,784,000 after purchasing an additional 184,132 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after acquiring an additional 350,397 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Whirlpool by 4.7% in the second quarter. Geode Capital Management LLC now owns 1,221,838 shares of the company's stock worth $124,189,000 after acquiring an additional 54,584 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Whirlpool by 19.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after acquiring an additional 199,663 shares in the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Trading Down 2.8%

Shares of WHR opened at $92.27 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. Whirlpool has a 12-month low of $73.72 and a 12-month high of $135.49. The firm has a market capitalization of $5.16 billion, a PE ratio of -34.82 and a beta of 1.16. The stock's fifty day simple moving average is $93.12 and its 200-day simple moving average is $89.13.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period last year, the company earned $2.39 EPS. The company's revenue was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, research analysts predict that Whirlpool will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 29th. Whirlpool's dividend payout ratio is currently -135.85%.

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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