Whirlpool (NYSE:WHR) Reaches New 1-Year Low - Here's What Happened

Key Points

• Whirlpool Corporation (NYSE:WHR) reached a new 52-week low of $68.75 during trading, closing at $71.18 with over 1.2 million shares traded.
• Despite hitting a low, analysts are mixed on Whirlpool's outlook, with ratings ranging from "strong sell" to "hold," and a consensus price target of $86.43.
• The company announced a quarterly dividend of $0.90 per share, reflecting an annualized yield of 5.1%, despite a negative dividend payout ratio of -107.14%.

Whirlpool Corporation (NYSE:WHR - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $68.75 and last traded at $71.18, with a volume of 1238264 shares. The stock had previously closed at $70.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WHR. Zacks Research raised shares of Whirlpool from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Royal Bank Of Canada reissued an "underperform" rating on shares of Whirlpool in a report on Wednesday, October 29th. Stifel Nicolaus reduced their price objective on shares of Whirlpool from $80.00 to $69.00 and set a "hold" rating for the company in a research report on Wednesday, October 29th. Loop Capital restated a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Whirlpool in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $86.43.

Whirlpool Price Performance

The company has a quick ratio of 0.46, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The stock's 50-day simple moving average is $80.73 and its two-hundred day simple moving average is $85.74. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -21.18 and a beta of 1.18.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Monday, October 27th. The company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.68. The business had revenue of $4.03 billion during the quarter, compared to analysts' expectations of $3.92 billion. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.43 earnings per share. Whirlpool has set its FY 2025 guidance at EPS. Equities research analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, November 21st. Whirlpool's dividend payout ratio is -107.14%.

Institutional Investors Weigh In On Whirlpool

A number of hedge funds have recently modified their holdings of WHR. Nuveen LLC acquired a new stake in shares of Whirlpool in the first quarter valued at about $82,461,000. Norges Bank acquired a new stake in shares of Whirlpool in the second quarter valued at about $71,595,000. Curi Capital LLC acquired a new stake in shares of Whirlpool in the second quarter valued at about $57,699,000. Maple Rock Capital Partners Inc. raised its position in shares of Whirlpool by 357.2% in the second quarter. Maple Rock Capital Partners Inc. now owns 533,655 shares of the company's stock valued at $54,123,000 after buying an additional 416,945 shares during the last quarter. Finally, Causeway Capital Management LLC purchased a new stake in shares of Whirlpool in the first quarter valued at about $32,788,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

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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