Whirlpool Corporation (WHR) Receiving Somewhat Favorable News Coverage, Analysis Shows
News coverage about Whirlpool Corporation (NYSE:WHR) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Whirlpool Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.0067554728845 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Will Partnering With Amazon.com Save Retailers? (money.usnews.com)
- Share Performance in View for Whirlpool Corporation (NYSE:WHR) – Jonesboro Recorder (jonesbororecorder.com)
- Whirlpool Corporation (NYSE:WHR) Releases FY17 Earnings Guidance – The Momentous News (momentousnews.com)
- Whirlpool Corporation (NYSE:WHR) Sees Significantly Lower Trading Volume – First News 24 (firstnewspaper24.com)
- Marching to the Beat of Their Own Drums, Updates on Whirlpool Corporation (NYSE:WHR), Cincinnati Financial … – FLBC News (flbcnews.com)
WHR has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating and set a $216.00 target price on shares of Whirlpool Corporation in a research note on Friday, June 2nd. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $194.71.
Shares of Whirlpool Corporation (NYSE:WHR) traded down 1.89% on Thursday, reaching $171.74. The company’s stock had a trading volume of 1,120,484 shares. The firm’s 50-day moving average price is $187.02 and its 200-day moving average price is $181.07. The stock has a market cap of $12.53 billion, a P/E ratio of 17.19 and a beta of 1.79. Whirlpool Corporation has a 12 month low of $145.91 and a 12 month 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 for the quarter, missing the consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business earned $3.50 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its board has authorized a stock repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.69% of the company’s stock.
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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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