|Bid||134.24 x 10000|
|Ask||134.64 x 10000|
|Day's Range||130.14 - 130.14|
|52 Week Range||91.93 - 145.64|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||7.85|
|Forward Dividend & Yield||4.34 (3.31%)|
|1y Target Est||N/A|
We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of Whirlpool Corporation (NYSE:WHR) based on that data. […]
The Association of Home Appliance Manufacturers (AHAM) released data on Monday, showing a 12% year-over-year declines in AHAM 6 shipments, said McGrath, likely weighing on Whirlpool’s results. “Although we believe that some of this weakness was likely due to end-of-quarter inventory reductions at retailers, we see it as adding an element of risk to our North America estimates if demand doesn’t recover as expected in November and December,” said the analyst. Whirlpool’s North American unit sales have been trending slightly lower than expectations, added McGrath, with unit sales down 5% for the first 3 quarters of the year.
U.S.-listed white goods maker Whirlpool Corp has dropped plans to shut down a production site in the southern Italian city of Naples after two weeks of workers' protests, the company said on Wednesday. Whirlpool announced on Oct. 15 that it planned to shut down and sell the site, which it said was no longer profitable, prompting union protests and disappointing the Italian government after months of talks aimed at saving the plant. Workers had reacted fiercely to the decision and metalworkers union FIOM-CGIL had called for work stoppages and protests at the group's other plants in Italy.
While missing revenue estimates, Whirlpool cited balance sheet improvements, with stabilizing debt and strength in Asia and Latin America.
Swedish appliance maker Electrolux reported quarterly profit that narrowly topped forecasts and reassured investors it could shrug off the pinch from currency swings, higher costs and tariffs, sending its shares sharply higher. Electrolux and U.S. rival Whirlpool Corp have spent the year pushing price hikes and greater efficiency as they seek to cushion the blow from higher raw material costs and tariffs on goods such as steel and aluminium. The Swedish company said it expected a hit of 1.6 billion crowns - the top end of its previous forecast - from higher raw material costs, trade tariffs and currency swings this year, but that pricing would fully offset that.
Whirlpool Corp on Tuesday reported quarterly sales below analysts' estimates, hurt by lower appliance sales in Latin America, sending its shares down 2% in trading after the bell. Net sales in the Latin American unit fell 28% to $632 million in the third quarter. Chief Executive Officer Marc Bitzer attributed the decline to the sale of the company's Embraco compressor business and to a small extent to currency changes.
Net sales in the Latin American unit fell 28% to $632 million (£490.38 million) in the third quarter. Chief Executive Officer Marc Bitzer attributed the decline to the sale of the company's Embraco compressor business and to a small extent to currency changes. Whirlpool has been looking to sell its loss-making businesses and in July completed the sale of Embraco to Japan's Nidec Corp .
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
The Boys & Girls Clubs of America has added another prominent Atlantan to its leadership board. The Atlanta-based nonprofit said Tuesday it appointed James Dinkins, president of Coca-Cola North America, alongside Joe Liotine, president of Whirlpool North America, and Paul Schmidt, chairman of BakerHostetler, to the organization's 46-member Board of Governors.
U.S.-listed white goods maker Whirlpool Corp said on Tuesday it would close its plant in Naples on Nov. 1, despite a final attempt by the Italian government to keep the site open. Whirlpool said in May that production of high-end washing machines in Naples was no longer profitable and that it intended to sell the factory, which employs 450 workers in a region with some of the highest unemployment levels in Italy. Prime Minister Giuseppe Conte and Industry Minister Stefano Patuanelli held a last ditch meeting with company managers on Tuesday but failed to win any concessions.
(Bloomberg) -- SAP SE is sticking to its new plan of keeping the company youthful, and top management isn’t being spared.The storied German software giant, Europe’s biggest tech company by market value, has spent the past few years attempting to reinvent itself. It’s working to adapt its corporate software, used by almost all of the world’s 100 most valuable brands, to the web and is taking on younger rivals in cloud-based computing.There’s also been an exodus of company veterans, which as of 12:44 a.m. Friday in Walldorf, included CEO Bill McDermott.Analysts have called the late-night news a surprise; McDermott’s contract doesn’t run out until 2021. He also unveiled a major restructuring plan in April and was expected to brief investors on the company’s strategy next month.But, as he said on a conference call after the announcement, “Ten years is a long time to be CEO.”McDermott, 58, had been with the company since 2002 when he joined as head of its North American business. At the time, he was that unit’s fourth head in three years as SAP struggled to compete with rivals like Oracle Corp., and grappled with a drop in sales of software licenses. Problems with its products were blamed for delayed shipments of Whirlpool Corp.’s appliances and even Hershey’s Halloween chocolates.In the role, he recruited a new management team, changed the way the sales department targeted customers, and ultimately boosted sales growth. When CEO Leo Apotheker unexpectedly resigned in 2010, McDermott and product-development head Jim Snabe were picked to replace him as co-CEOs. Snabe -- currently chairman of Siemens AG -- stepped down and took a spot on the board in 2014, and McDermott became sole head of the company.With nearly 100,000 employees and a sprawling business that generated about $27 billion in revenue last year, driving change has sometimes been controversial. Since 2011, McDermott spent $26 billion on six major cloud acquisitions, and was the main advocate for the $8 billion acquisition of Qualtrics International Inc., the company’s largest-ever deal.Analysts criticized the purchase as too expensive. In November, Qualtrics said it expected revenue for 2018 to exceed $400 million, a figure that wouldn’t move the needle much for SAP. McDermott defended the deal, believing that combining SAP’s sales force and a trove of operational data with Qualtrics’s customer experience feedback would accelerate growth.More recently, the company attracted the interest of activists at Elliott Management Corp., which revealed its 1.2 billion-euro ($1.3 billion) stake when SAP announced a change in strategy in April. SAP had been vague at the time, saying it planned “new initiatives to accelerate operational excellence and value creation” with a focus on “tuck-in” acquisitions.SAP underwent a management shakeup in the weeks preceding the April announcement. The president of its cloud business, 27-year SAP veteran Robert Enslin, had announced his departure earlier that month. It was later revealed he’d left for Google. A day earlier, Chief Technology Officer Bjoern Goerke, another cloud expert based in the U.S., penned a blog post saying he was leaving the company he joined as a student in 1988. Board member Bernd Leukert, a seasoned IT executive, left SAP in February.Personally, McDermott also had to weather a near-fatal accident in 2015 that cost him an eye when he fell down some stairs while carrying a water glass and nearly bled to death.His replacements are a mix of old and new guard at SAP. Christian Klein, 39, spent the past 20 years at SAP, after joining as a student in 1999. Jennifer Morgan, 48, arrived in 2004 and was the first American woman on the company’s executive board. Morgan has been seen as McDermott’s protege, rising relatively quickly through the ranks, and most recently served as the president of the all-important cloud group.Together, Klein and Morgan will have to find a way to compete with younger companies like Salesforce.com Inc. and Workday Inc. while encumbered by a traditional enterprise software business.Cloud is the company’s clear growth engine, with revenue increasing about 32% last year to about 5 billion euros. Sales from its largest business, which helps clients set up and implement SAP’s software, grew less than 1% in 2019.McDermott’s resignation was announced alongside better-than-expected preliminary third-quarter earnings results. New bookings for the company’s cloud products, a key metric that indicates future sales, grew 33% on a constant-currency business. That was more than double the pace set in the second quarter, when disappointed investors sent shares down as much as 10%.“While it is a shock to see Mr. McDermott stepping down, he is clearly handing over the reins of the business from a position of strength and we are encouraged to see that his replacements are long-term members of the SAP executive team,” said Thomas Fitzgerald, fund manager at SAP shareholder Edentree Investment Management, in a note on Friday.\--With assistance from Stefan Nicola.To contact the reporters on this story: Amy Thomson in London at firstname.lastname@example.org;Kit Rees in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.