Whirlpool Corporation (NYSE:WHR) Given Average Recommendation of “Reduce” by Analysts

Shares of Whirlpool Corporation (NYSE:WHR) have been given a consensus recommendation of “Reduce” by the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $86.4286.

A number of research firms recently issued reports on WHR. The Goldman Sachs Group reduced their price objective on Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. Loop Capital reissued a “hold” rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th.

Whirlpool Price Performance

NYSE WHR opened at $79.42 on Thursday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.46. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of -23.64 and a beta of 1.18. The company has a 50 day simple moving average of $73.82 and a 200-day simple moving average of $84.87. Whirlpool has a 52-week low of $65.35 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.68. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.43 EPS. Whirlpool has set its FY 2025 guidance at EPS. Equities research analysts predict that Whirlpool will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 4.5%. Whirlpool’s dividend payout ratio (DPR) is -107.14%.

Institutional Investors Weigh In On Whirlpool

Several hedge funds have recently modified their holdings of WHR. EverSource Wealth Advisors LLC boosted its holdings in Whirlpool by 129.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after purchasing an additional 208 shares during the period. Cheviot Value Management LLC bought a new stake in shares of Whirlpool in the first quarter valued at about $36,000. Ransom Advisory Ltd acquired a new stake in Whirlpool during the first quarter worth about $38,000. Legend Financial Advisors Inc. acquired a new stake in Whirlpool during the second quarter worth about $51,000. Finally, Bogart Wealth LLC increased its stake in Whirlpool by 80.6% during the second quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock valued at $52,000 after acquiring an additional 228 shares during the period. 90.78% of the stock is owned by institutional investors.

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.