Whirlpool Corporation (NYSE:WHR) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Whirlpool Corporation (NYSE:WHR) have earned a consensus recommendation of “Reduce” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $86.4286.

A number of research firms have issued reports on WHR. Bank of America reaffirmed an “underperform” rating and set a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Loop Capital reaffirmed a “hold” rating and set a $88.00 price target on shares of Whirlpool in a research report on Monday, August 4th. Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th. Finally, The Goldman Sachs Group lowered their target price on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, October 13th.

Whirlpool Price Performance

WHR stock opened at $67.63 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86. The business has a 50-day simple moving average of $79.69 and a two-hundred day simple moving average of $85.61. The company has a market capitalization of $3.80 billion, a P/E ratio of -20.13 and a beta of 1.18. Whirlpool has a 52-week low of $67.15 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.68. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the company earned $3.43 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at EPS. Research analysts expect that Whirlpool will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, November 21st. Whirlpool’s payout ratio is presently -107.14%.

Institutional Investors Weigh In On Whirlpool

A number of hedge funds have recently modified their holdings of WHR. Cheviot Value Management LLC bought a new position in Whirlpool during the first quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its position in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after buying an additional 208 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Whirlpool during the 1st quarter worth $38,000. HHM Wealth Advisors LLC increased its holdings in Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 244 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Whirlpool in the 2nd quarter valued at about $51,000. Institutional investors own 90.78% of the company’s stock.

About Whirlpool

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.