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%.

Whirlpool Corporation (NYSE:WHR - Get Free Report) has received a consensus recommendation of "Hold" from the six research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $98.8333.

A number of analysts have recently commented on WHR shares. Bank of America reissued an "underperform" rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Royal Bank Of Canada decreased 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 raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research report on Monday, June 30th. Loop Capital restated a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th.

Whirlpool Price Performance

Shares of NYSE WHR traded down $0.67 during trading hours on Friday, hitting $85.78. 730,840 shares of the stock were exchanged, compared to its average volume of 1,313,783. The company's fifty day simple moving average is $91.95 and its two-hundred day simple moving average is $88.83. The company has a market cap of $4.79 billion, a PE ratio of -32.37 and a beta of 1.16. Whirlpool has a 1-year low of $73.72 and a 1-year high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the previous year, the firm posted $2.39 EPS. The business's quarterly 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. On average, sell-side analysts predict that Whirlpool will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, August 29th. Whirlpool's payout ratio is presently -135.85%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in Whirlpool by 2.0% in the fourth quarter. Ameriprise Financial Inc. now owns 128,528 shares of the company's stock worth $14,709,000 after purchasing an additional 2,538 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Whirlpool by 19.9% in the fourth quarter. Captrust Financial Advisors now owns 4,240 shares of the company's stock worth $485,000 after buying an additional 704 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Whirlpool by 28.2% during the 4th quarter. Deutsche Bank AG now owns 6,372 shares of the company's stock valued at $729,000 after acquiring an additional 1,403 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Whirlpool during the 4th quarter valued at $235,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Whirlpool during the fourth quarter valued at about $436,000. 90.78% of the stock is owned by institutional investors.

About Whirlpool

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.