Whirlpool Corporation (NYSE:WHR) – Equities researchers at Gabelli reduced their FY2017 earnings per share (EPS) estimates for shares of Whirlpool Corporation in a research note issued on Wednesday, according to Zacks Investment Research. Gabelli analyst A. Lacayo now forecasts that the company will post earnings per share of $13.75 for the year, down from their previous estimate of $14.65.
Other research analysts have also issued reports about the company. Credit Suisse Group set a $187.00 price target on Whirlpool Corporation and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank of Canada lowered Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and reduced their target price for the company from $209.00 to $184.00 in a research report on Tuesday, October 24th. Finally, Bank of America Corporation lowered Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $184.67.
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Whirlpool Corporation (NYSE WHR) traded down $0.69 on Friday, hitting $162.05. The stock had a trading volume of 704,500 shares, compared to its average volume of 849,805. The company has a market cap of $11,694.95, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.87. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a 52-week low of $159.71 and a 52-week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.66 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is currently 41.47%.
Whirlpool Corporation declared that its Board of Directors has authorized a share repurchase plan 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 plans are usually a sign that the company’s board believes its shares are undervalued.
Hedge funds have recently made changes to their positions in the company. PGGM Investments increased its holdings in shares of Whirlpool Corporation by 0.6% in the third quarter. PGGM Investments now owns 188,413 shares of the company’s stock valued at $34,751,000 after purchasing an additional 1,094 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after purchasing an additional 1,038 shares during the period. Homrich & Berg increased its holdings in shares of Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after purchasing an additional 446 shares during the period. BT Investment Management Ltd acquired a new position in shares of Whirlpool Corporation in the second quarter valued at about $2,065,000. Finally, Greenhaven Associates Inc. increased its holdings in shares of Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after purchasing an additional 17,280 shares during the period. 93.18% of the stock is currently owned by institutional investors and hedge funds.
About Whirlpool Corporation
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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