Weekly Analysts’ Ratings Updates for Whirlpool Corporation (WHR)

Whirlpool Corporation (NYSE: WHR) has recently received a number of price target changes and ratings updates:

  • 10/27/2017 – Whirlpool Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Continuing with its trend of reporting dismal earnings surprises, Whirlpool posted fifth consecutive earnings miss in third-quarter 2017. Moreover, top line lagged estimates for the second straight time. Adjusted operating margin was hurt by adverse product price/mix and raw material inflation, which is likely to continue throughout 2018. While both top and bottom line improved year over year, management slashed earnings guidance for 2017 on expectations of higher raw material inflation and unfavorable price/mix that led to a downtrend in estimates. However, management reiterated its 2020 goals and remains optimistic about ongoing growth initiatives as well as global cost-based pricing and fixed cost reduction strategies. This has helped the company outperform the broader industry in the last three months. Additionally, Whirlpool’s innovation strategy that helps it to tap incremental sales and gain market share, bodes well.”
  • 10/24/2017 – Whirlpool Corporation was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $183.00 price target on the stock.
  • 10/24/2017 – Whirlpool Corporation was downgraded by analysts at Royal Bank Of Canada from a “top pick” rating to a “sector perform” rating. They now have a $184.00 price target on the stock, down previously from $209.00.
  • 10/24/2017 – Whirlpool Corporation was given a new $187.00 price target on by analysts at Credit Suisse Group. They now have a “neutral” rating on the stock.
  • 10/18/2017 – Whirlpool Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Whirlpool has underperformed the sector in the past three months due to its dismal earnings surprise trend in the recent quarters. Evidently, the company delivered fourth consecutive negative surprise in second-quarter 2017. Further, the company slashed its earnings guidance for 2017 due to higher raw material costs and lower product price/mix in China and Europe. However, Whirlpool has been riding on its innovation strategy that helps it to tap additional sales and gain market share. Moreover, the company's solid integration and cost-productivity activities have been enhancing its performance. These factors, along with the company’s robust brands portfolio, and continued strength across North America and Latin America have been its growth drivers. Also, the company anticipates profitable growth in the EMEA region in the second half of 2017 and expects to navigate through the volatility in emerging markets.”
  • 10/10/2017 – Whirlpool Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $209.00 price target on the stock.
  • 10/6/2017 – Whirlpool Corporation was given a new $177.00 price target on by analysts at MKM Partners. They now have a “hold” rating on the stock.
  • 10/5/2017 – Whirlpool Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Whirlpool has underperformed the sector in the past three months due to its dismal earnings surprise trend in the recent quarters. Evidently, the company delivered fourth consecutive negative surprise in second-quarter 2017. Further, the company slashed its earnings guidance for 2017 due to higher raw material costs and lower product price/mix in China and Europe. However, Whirlpool has been riding on its innovation strategy that helps it to tap additional sales and gain market share. Moreover, the company's solid integration and cost-productivity activities have been enhancing its performance. These factors, along with the company’s robust brands portfolio, and continued strength across North America and Latin America have been its growth drivers. Also, the company anticipates profitable growth in the EMEA region in the second half of 2017 and expects to navigate through the volatility in emerging markets.”
  • 10/2/2017 – Whirlpool Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Whirlpool Corporation (NYSE WHR) traded up 0.44% during mid-day trading on Wednesday, hitting $164.65. 870,525 shares of the stock traded hands. The stock’s 50 day moving average is $175.64 and its 200-day moving average is $180.82. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 16.48 and a beta of 1.76. Whirlpool Corporation has a 12 month low of $149.54 and a 12 month high of $202.99.

Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the business posted $3.66 EPS. The business’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts anticipate that Whirlpool Corporation will post $13.71 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is presently 41.47%.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

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