Whirlpool (NYSE:WHR) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Whirlpool (NYSE:WHR) from a hold rating to a strong sell rating in a research note published on Monday morning,Zacks reports.

A number of other equities analysts also recently weighed in on WHR. Royal Bank Of Canada upped their target price on Whirlpool from $30.00 to $32.00 and gave the company an “underperform” rating in a report on Wednesday, August 5th. BNP Paribas Exane started coverage on shares of Whirlpool in a research report on Monday, July 13th. They set a “neutral” rating and a $43.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Whirlpool from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating on shares of Whirlpool in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Whirlpool presently has an average rating of “Reduce” and a consensus target price of $44.33.

Whirlpool Price Performance

WHR opened at $29.18 on Monday. The stock has a fifty day moving average of $37.15 and a 200-day moving average of $42.36. The firm has a market capitalization of $1.90 billion, a P/E ratio of 9.99, a PEG ratio of 13.40 and a beta of 1.21. Whirlpool has a 12-month low of $28.39 and a 12-month high of $94.82. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Equities analysts forecast that Whirlpool will post 2.25 EPS for the current fiscal year.

Institutional Trading of Whirlpool

Several large investors have recently added to or reduced their stakes in the business. Kelleher Financial Advisors bought a new position in shares of Whirlpool during the 2nd quarter valued at $28,000. Silvant Capital Management LLC acquired a new position in Whirlpool during the second quarter worth $29,000. SJS Investment Consulting Inc. acquired a new position in Whirlpool during the first quarter worth $45,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Whirlpool during the first quarter valued at about $46,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Whirlpool during the second quarter valued at about $49,000. 90.78% of the stock is owned by institutional investors.

About Whirlpool

Whirlpool Corporation is a global manufacturer and marketer of home appliances, serving consumers through a portfolio of well-known brands that includes Whirlpool, Maytag, KitchenAid, Amana and JennAir. Its products are sold through retailers, distributors and other channels to residential customers in multiple markets.

The company’s primary product categories include refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers. Through KitchenAid and other brands, Whirlpool also offers small domestic appliances and related products designed for food preparation and household use.

Whirlpool traces its history to 1911, when the Upton Machine Company began producing electric washing machines.