Whirlpool Corporation (WHR) Receiving Somewhat Favorable Media Coverage, Study Finds
News articles about Whirlpool Corporation (NYSE:WHR) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Whirlpool Corporation earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1802674315415 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts recently issued reports on WHR shares. ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $194.71.
Whirlpool Corporation (WHR) opened at 175.23 on Friday. The company has a market capitalization of $12.79 billion, a PE ratio of 17.54 and a beta of 1.77. The company has a 50-day moving average price of $172.40 and a 200 day moving average price of $179.94. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. Whirlpool Corporation’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Whirlpool Corporation will post $14.63 earnings per share for the current year.
Whirlpool Corporation declared that its board has initiated a stock buyback program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
In other news, Director William D. Perez purchased 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, with a total value of $176,930.00. Following the completion of the acquisition, the director now owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.69% of the stock is currently owned by insiders.
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Whirlpool Corporation Company Profile
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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