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INX:WHR, Nov 22, 07:07 UTC

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Whirlpool (WHR) Up 8% in 6 Months: Will the Momentum Prevail?

WHR

Whirlpool Corporation WHR currently remains a mixed bag as its cost-containment efforts and margin expansion in North America are poised to drive growth, while high costs and softness in the Latin America and EMEA segments remain concerns. Also, it is benefiting from its robust product pipeline and solid innovations.In the past six months, shares of this Zacks Rank #3 (Hold) company have increased 7.7% outperforming the industry’s growth of 5.5%.Moreover, the company remains confident to accomplish long-term financial targets. This marked eighth straight quarter of margin growth for the North America segment.Looking ahead, the company expects to continue delivering strong results for the region, driven by favorable price/mix and price increase along with improvement in the demand environment in the United States. Consequently, the segment reported an operating profit of $9 million, down 30.8% from the year-ago period.Operating margin also contracted 140 bps in the reported quarter, as gains from rise in volume, lower raw material inflation and cost-reduction efforts were more than offset by higher brand transition investments in China. Although management reaffirmed margin guidance for Asia at 3% for 2019, higher spending toward brand transition in China might continue to pressurize margins and hurt profitability.Nevertheless, we expect all aforementioned growth drivers to offset these hurdles and help Whirlpool to sustain its solid momentum.Key PicksBoot Barn Holdings BOOT has a long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy).

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Wednesday, November 20


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Analysts Offer Predictions for Whirlpool Co.’s FY2019 Earnings (NYSE:WHR) – Mitchell Messenger

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Whirlpool Co. (NYSE:WHR) – Equities research analysts at KeyCorp increased their FY2019 earnings per share estimates for Whirlpool in a research note issued to investors on Wednesday, October 23rd, Zacks Investment Research reports. KeyCorp analyst K. Zener now forecasts that the company will earn $15.23 per share for the year, up from their prior estimate of $15.01. The stock has a market cap of $9.12 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 2.23 and a beta of 1.78. H2O AM LLP now owns 97,963 shares of the company’s stock valued at $6,849,000 after buying an additional 67,063 shares in the last quarter.

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Analyst Gives Warning On Whirlpool Following AHAM Data

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Recent weakness in appliance shipment data is becoming a headwind for Whirlpool Corporation (NYSE: WHR). 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.

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Monday, November 11


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Whirlpool Co. (NYSE:WHR) Shares Bought by Groesbeck Investment Management Corp NJ

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Arizona State Retirement System now owns 35,005 shares of the company’s stock worth $4,983,000 after purchasing an additional 3,578 shares during the last quarter. Finally, Bank of America lifted their price target on Whirlpool from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. In related news, Director Gary T. Dicamillo sold 833 shares of the business’s stock in a transaction dated Friday, November 1st. Following the sale, the director now directly owns 6,667 shares in the company, valued at approximately $1,022,784.47.

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Loudon Investment Management LLC Sells 65 Shares of Whirlpool Co. (NYSE:WHR) – Riverton Roll

WHR

Loudon Investment Management LLC lessened its stake in Whirlpool Co. (NYSE:WHR) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The stock had a trading volume of 391,517 shares, compared to its average volume of 791,267. The stock has a market capitalization of $9.72 billion, a PE ratio of 10.27, a P/E/G ratio of 2.44 and a beta of 1.78. Finally, JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $172.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th.

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Wednesday, November 06


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Early Washer Dryer & Washing Machine Black Friday Deals (2019): Top Whirlpool, LG & Samsung Sales Researched by Spending Lab

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Here’s a list of the best early washer dryer Black Friday 2019 deals available right now, including deals from Whirlpool, Samsung & LG. Black Friday deals are time sensitive. For thousands more live deals visit theAmazon Black Friday page andWalmart Deal Drop page. The washer and dryer combo is an integral part of any household, as they are simply the easiest method of doing laundry. Perhaps the most important consideration when shopping for a new washing machine is choosing between front load or top load washers, as the former cleans more efficiently while the latter is more affordable. What price drops does Black Friday offer?

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Friday, November 01


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Whirlpool condemned for gagging victims of faulty dryer fires

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The report by the Commons business, energy and industrial strategy (BEIS) committee noted "the chilling effect such legal devices have" and branded the practice as "dangerous", because watchdogs would be unaware of safety problems. The recall relates to certain models of Hotpoint, Indesit, Creda, Swan and Proline dryers built between 2004 and 2015. However, Whirlpool admitted to MPs earlier this year that the true number of faulty tumble dryers in homes across the country could be 800,000 and it was working hard to modify those affected. Committee chairwoman Rachel Reeves said: "Whirlpool's prime obligation was to fix the safety issues with its tumble dryers rather than in engage in disgraceful tactics such as using NDAs to silence customers who have been the victim of fires involving its products." Responding to the report, Whirlpool vice president Jeff Noel said: "People's safety is our top priority, which is why Whirlpool welcomes the report by the BEIS select committee to raise awareness of ongoing safety improvements in the UK. "Through our ongoing campaign we have resolved this potential safety issue - which concerns tumble dryers produced by the previous owner of the company - for more than 1.75 million people. This is up to five times the average success rate for a product recall in the UK."

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Whirlpool recall: thousands of fire-risk tumble dryers still in UK homes - full list of models being recalled

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Whirlpool recall: thousands of fire-risk tumble dryers still in UK homes - full list of models being recalled. As many as 800,000 dangerous faulty tumble dryers could still be in people’s homes, MPs have warned. Whirlpool was forced to issue a recall for the faulty machines in July this year, but thousands may still have the fire-risk dryers in their homes as the Business, Energy and Industrial Strategy (BEIS) Committee warns the response was “too slow”. The group of MPs have released a report criticising the company for its slow response in modifying or replacing the faulty machines, while also condemning Whirlpool for its use of non-disclosure agreements to “silence customers”. A full list of all the fire-risk models was released by the company in July, naming 627 models in total, with just over 300 of those being appliances sold outside of the UK, according to Which?

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MPs criticise Whirlpool’s approach to customer safety

WHR

It is “extraordinary” that as many as 800,000 defective tumble dryers could still remain in people’s homes four years after Whirlpool revealed they are a fire risk, MPs have said. The domestic appliance-maker’s response to handling the safety flaws too often “owed more to PR management” than to making the machines safe for customers, Business, Energy and Industrial Strategy (BEIS) Committee chairwoman Rachel Reeves said. The recall relates to certain models of Hotpoint, Indesit, Creda, Swan and Proline dryers built between 2004 and 2015. However Whirlpool admitted to MPs earlier this year that the true number of faulty tumble dryers in homes across the country could be 800,000 and it was working hard to modify those affected. “Whirlpool’s prime obligation was to fix the safety issues with its tumble dryers rather than in engage in disgraceful tactics such as using NDAs to silence customers who have been the victim of fires involving its products.”.

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Thursday, October 31


News

Defective tumble dryers: MPs criticise Whirlpool’s approach to customer safety – Which? News

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MPs on the Business, Energy and Industrial Strategy (BEIS) Committee have declared it ‘astonishing’ that four years on from Whirlpool revealing defects in its tumble dryers, as many as 800,000 defective machines could still be present in people’s homes. The report slams the company’s use of Non-Disclosure Agreements (NDAs) and criticises Whirlpool’s efforts to deflect the concerns of safety organisations and customers rather than focusing on practical steps to address the safety problems. Rachel Reeves, chair of the Business, Energy and Industrial Strategy (BEIS) Committee said: ‘Whirlpool’s response to fixing safety flaws in its tumble dryers has too often owed more to PR management than to taking the practical steps to make its machines safe for customers. Whirlpool’s prime obligation was to fix the safety issues with its tumble dryers rather than engage in disgraceful tactics such as using NDAs to silence customers who have been the victim of fires involving its products.

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