Whirlpool (NYSE:WHR) Sets New 52-Week Low - Here's Why

Key Points

• Whirlpool's stock price hit a new 52-week low of $73.25, down from its previous close of $74.45, with a trading volume of over 300,000 shares.
• Analysts are divided on Whirlpool, with two rating it as a Buy, four as Hold, and three as Sell, alongside a consensus target price of $96.14.
• Whirlpool reported a significant earnings miss for its last quarter, with EPS of $1.34 compared to an expected $1.54, and a year-over-year revenue decline of 5.4%.

Whirlpool Corporation (NYSE:WHR - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $73.48 and last traded at $73.25, with a volume of 301283 shares changing hands. The stock had previously closed at $74.45.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WHR shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Whirlpool in a research note on Wednesday. Loop Capital reissued a "hold" rating and set a $88.00 price target on shares of Whirlpool in a research report on Monday, August 4th. Zacks Research raised shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Royal Bank Of Canada dropped their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus assumed coverage on shares of Whirlpool in a research report on Wednesday. They set a "hold" rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $96.14.

Whirlpool Trading Down 2.4%

The firm's 50-day moving average price is $86.35 and its 200-day moving average price is $87.27. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The company has a market cap of $4.06 billion, a P/E ratio of -27.36 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last posted 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the firm earned $2.39 EPS. The business's revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities research analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 annualized dividend and a yield of 5.0%. Whirlpool's payout ratio is currently -135.85%.

Hedge Funds Weigh In On Whirlpool

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Whirlpool by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock valued at $201,529,000 after acquiring an additional 117,964 shares in the last quarter. Abel Hall LLC purchased a new position in Whirlpool during the second quarter valued at approximately $1,205,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Whirlpool by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock valued at $4,022,000 after acquiring an additional 5,202 shares in the last quarter. First City Capital Management Inc. purchased a new position in Whirlpool during the second quarter valued at approximately $409,000. Finally, CCM Investment Group LLC purchased a new position in Whirlpool in the 1st quarter worth approximately $628,000. Hedge funds and other institutional investors own 90.78% of the company's stock.

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.

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