In yesterday’s Wall Street session, Whirlpool Corporation (NYSE:WHR) shares traded at $137.24, down -1.08% from the previous session.
As we calculate the median target price by taking the range between a high of $220.00 and a low of $104.00, we find $152.50. Given the previous closing price of $138.74, this indicates a potential upside of 9.92 percent. WHR stock price is now -6.55% away from the 50-day moving average and -10.20% away from the 200-day moving average. The market capitalization of the company currently stands at $7.41B.
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Brokers who have rated the stock have averaged $152.83 as their price target over the next twelve months.
, while ‘BofA Securities’ rates the stock as ‘Underperform’.
In other news, Conley Christopher S, Vice President and Controller sold 1,535 shares of the company’s stock on Feb 14. The stock was sold for $225,952 at an average price of $147.20. Upon completion of the transaction, the Vice President and Controller now directly owns 2,384 shares in the company, valued at $0.33 million. Insiders disposed of 2,541 shares of company stock worth roughly $0.35 million over the past 1 year. A total of 0.86% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WHR stock. A new stake in Whirlpool Corporation shares was purchased by INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC during the first quarter worth $33,708,000. RENAISSANCE TECHNOLOGIES LLC invested $31,682,000 in shares of WHR during the first quarter. In the first quarter, TWIN TREE MANAGEMENT, LP acquired a new stake in Whirlpool Corporation valued at approximately $7,048,000. D. E. SHAW & CO., INC. acquired a new stake in WHR for approximately $6,844,000. ARGI INVESTMENT SERVICES, LLC purchased a new stake in WHR valued at around $5,145,000 in the second quarter. In total, there are 912 active investors with 96.70% ownership of the company’s stock.
Monday morning saw Whirlpool Corporation (NYSE: WHR) opened at $139.33. During the past 12 months, Whirlpool Corporation has had a low of $124.43 and a high of $209.87. As of last week, the company has a debt-to-equity ratio of 3.26, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for WHR is $146.85 and a two-hundred day moving average price translates $152.83 for the stock.
The latest earnings results from Whirlpool Corporation (NYSE: WHR) was released for Dec, 2022. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $3.89, beating analysts’ expectations of $3.25 by 0.64. This compares to $4.91 EPS in the same period last year. The net profit margin was -7.70% and return on equity was -40.20% for WHR. The company reported revenue of $4.92 billion for the quarter, compared to $5.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.34 percent. For the current quarter, analysts expect WHR to generate $4.51B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/03/2023 were paid a $1.75 dividend. On an annualized basis, this represents a $7.00 dividend and a 5.10% percent yield. There was an ex-dividend date of 03/02/2023 for this dividend.
Whirlpool Corporation(WHR) Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company’s principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers. It markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Amana, Roper, Affresh, Gladiator, Swash, everydrop, Speed Queen, Hotpoint, Bauknecht, Indesit, Ignis, Privileg, Consul, Eslabon de Lujo, Brastemp, Acros, Ariston, Diqua, and Royalstar brands. The company sells its products to retailers, distributors, dealers, builders, and other manufacturers, as well as directly to consumers. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan.
