|Bid||159.15 x 3200|
|Ask||159.22 x 1000|
|Day's Range||157.60 - 160.00|
|52 Week Range||99.40 - 161.00|
|Beta (3Y Monthly)||1.89|
|PE Ratio (TTM)||11.16|
|Forward Dividend & Yield||4.80 (3.03%)|
|1y Target Est||N/A|
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.
Whirlpool's (WHR) soft EMEA segment is likely to have hurt third-quarter 2019 results. Cost inflation, adverse currency and lower industry demand remain other deterrents.
(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 email@example.com;Kit Rees in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Whirlpool (WHR) have what it takes? Let's find out.
Whirlpool (WHR) is on track to revive performance at its EMEA segment, evident from restructuring efforts. Its cost-productivity initiatives also appear encouraging.
Whirlpool's sales in the United States are expected to stabilize in 2019 and show 'modest growth' next year, analysts at JPMorgan write.
Shares of appliance maker Whirlpool were falling more than 2.5% Wednesday after the company was downgraded at KeyBanc due to concerns about valuation. KeyBanc now has a sector weight rating on the stock after previously having it at overweight. The firm noted that Whirlpool has seen its share price rise 42% year to date, outpacing the sector and the market during its run.
Will Brexit Happen? We Could Know By the End of the Day Political developments out of the United Kingdom are frothing out faster than radiation out of a quasar as Brexit news reaches a fever pitch with everything happening all at once now. Parliament is back in session today and it will try to force […]The post Market Morning: Brexit At Crossroads, China Threaten Hong Kong, Argentina Collapses, Dorian Dallies appeared first on Market Exclusive.
A Whirlpool Cooktop recall 2019 is in effect due to a problem with how the appliances operate.Source: Grand Warszawski / Shutterstock.com The issue affecting the Whirlpool (NYSE:WHR) products in the recall is that they can turn themselves on. That means they can present a fire or burn risk to the owners. The recall allows the owners to replace these devices to avoid this risk.The Whirlpool Cooktop recall 2019 affects more than just that brand of products. It also include those that fall under the KitchenAid and JennAir brands. To go along with this, the problem is present in both radiant and downdraft models of the devices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe following are the beginning numbers for the radiant models that are included in the Whirlpool Cooktop recall 2019 list. * KCES950HSS * KCES956HSS * KCES950HBL * KCES956HBL * KCES956HSS * KCES956HBL * WCE97US0HS * WCE97US0HB * WCE97US6HS * WCE97US6HB * JEC4430HS * JEC4430HB * JEC4536HS * JEC4536HB * JEC4424HBNow we have the beginning numbers for the downdraft models that are part of the Whirlpool Cooktop recall 2019. * JED4430GB * JED4536GB * JED4430GS * JED4536GSThe Whirlpool Cooktop recall 2019 includes roughly 26,300 units sold in the U.S. It also covers about 2,800 units sold in Canada and another 128 units sold in Mexico. The recall notice mentions that there have been 133 reports from customers about the devices turning on without owner input. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off As for the damage done by these devices, there are 14 cases of them burning nearby items. Another four cases include items catching fire and one of these is for property damage. There have also been two minor burn injuries reported.You can learn more about the recall at this link. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Whirlpool Cooktop Recall 2019: Glass Cooktops Could Turn Themselves On appeared first on InvestorPlace.
Readers hoping to buy Whirlpool Corporation (NYSE:WHR) for its dividend will need to make their move shortly, as the...
Whirlpool (WHR) benefits from solid innovations, robust product pipeline and cost-productivity efforts. However, the company expects a weak China business to hurt margins in Asia.
Today we'll evaluate Whirlpool Corporation (NYSE:WHR) to determine whether it could have potential as an investment...