The Whirlpool Corporation (WHR) is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States, near Benton Harbor, Michigan. The Fortune 500[4] company has annual revenue of approximately $21 billion, 100,000 employees, and more than 70 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Gladiator GarageWorks, Inglis, Estate, Brastemp, Bauknecht, Indesit and Consul. After acquiring the Maytag Corporation on March 31, 2006, the Whirlpool Corporation surpassed Electrolux to become "the largest home appliance maker in the world." In the U.S., Whirlpool has eight manufacturing facilities: Amana, Iowa; Tulsa, Oklahoma; Cleveland, Tennessee; Ohio: Clyde, Findlay, Greenville, Marion (and Ottawa, Ohio).
Reported before open today (7/22/16) Earnings: EPS $3.50 Revenue $5.21B Estimates: EPS $3.37 Revenue $5.13B Up 1.76% today so far
Analyst Upgrade/Downgrade Update Brokerage firm: MKM Partners Change: Downgrade Previous Rating: Buy Current Rating: Neutral Previous Price Target: $215 Current Price Target: $176
Testing the June low here off -10% this morning Whirlpool misses Street 3Q forecasts BENTON HARBOR, Mich. (AP) -- Whirlpool Corp. (WHR) on Tuesday reported third-quarter earnings of $238 million. The Benton Harbor, Michigan-based company said it had net income of $3.10 per share. Earnings, adjusted for one-time gains and costs, came to $3.66 per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.88 per share. The maker of Maytag, KitchenAid and other appliances posted revenue of $5.25 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.31 billion. Whirlpool expects full-year earnings in the range of $14 to $14.25 per share. Whirlpool shares have climbed 16 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 5 percent. The stock has climbed almost 7 percent in the last 12 months.
Upcoming dividend information: Ex-Div-Date: 11/16/16 Payment Date: 12/15/16 Dividend: $1.00 Current Price: $152.79 Annual Yield: 2.62%
Off -7% this morning on ERs miss after a nice run since Oct. The triple top up there acted as pretty good resistance.
Gap up to 150 to fill, would be a 13% move from here. (And another gap up to 163, but not sure that one will fill right now).