|Bid||8.90 x 0|
|Ask||9.36 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||8.44|
|Forward Dividend & Yield||0.66 (6.83%)|
|Ex-Dividend Date||Jul 11, 2019|
|1y Target Est||N/A|
Chief Executive Officer Marc Bitzer told CNBC that the company will maintain the high prices. Whirlpool said it expects full-year 2020 profit to be between $16.00 per share and $17.00 per share, the mid-point of which is above analysts' average estimate of $16.34, according to IBES data from Refinitiv. Meanwhile, U.S. President Donald Trump last week announced adjustments to tariff-rate quotas (TRQ) on large residential washers, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.
Half a million washing machines manufactured by Whirlpool Corp and sold in Britain are to be recalled following an order from the country's safety regulator which found they pose a fire risk. Whirlpool will start a recall and replacement program for the washing machines next month, the Office for Product Safety and Standards (OPSS) said on Tuesday. The recall will be undertaken by Whirlpool UK Appliances Ltd, which identified a fault in some Hotpoint and Indesit models sold since 2014.
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.
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 .
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 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.
Whirlpool Corporation (NYSE: WHR ) reported strong North America margins for the second quarter, with price and mix beating cost inflation, and raised its full-year guidance by 4%. The Analyst KeyBanc’s ...
Shares of Whirlpool on Tuesday were lower, even as the household-appliance maker's second-quarter earnings and sales beat expectations. Whirlpool was down 5.6% at $140.05 on Tuesday. The Benton Harbor, Michigan, maker of brands including Whirlpool, KitchenAid, Amana, Maytag and others said its pretax profit margins widened as it benefited from pricing and restructuring efforts.