Whirlpool Co. (NYSE:WHR - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $87.56, but opened at $90.96. Whirlpool shares last traded at $91.76, with a volume of 559,810 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on WHR. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday. Bank of America upgraded shares of Whirlpool from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $68.00 to $94.00 in a research report on Friday. JPMorgan Chase & Co. lowered their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Royal Bank of Canada cut their price target on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool has an average rating of "Hold" and an average price target of $99.25.
Read Our Latest Report on WHR
Whirlpool Stock Performance
The firm has a market capitalization of $5.02 billion, a P/E ratio of -15.40 and a beta of 1.18. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The firm has a 50-day moving average price of $80.36 and a two-hundred day moving average price of $98.34.
Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The firm's revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. On average, analysts forecast that Whirlpool Co. will post 9.52 EPS for the current fiscal year.
Whirlpool Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's payout ratio is 5,000.00%.
Institutional Trading of Whirlpool
Several institutional investors and hedge funds have recently made changes to their positions in WHR. SBI Securities Co. Ltd. bought a new stake in shares of Whirlpool in the 4th quarter valued at about $30,000. Nemes Rush Group LLC raised its stake in Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after buying an additional 121 shares in the last quarter. Bogart Wealth LLC raised its stake in Whirlpool by 113.6% in the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company's stock worth $32,000 after buying an additional 150 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in Whirlpool during the first quarter worth $36,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Whirlpool by 120.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after acquiring an additional 175 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.
About Whirlpool
(
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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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