Whirlpool (WHR, Financial) recently experienced a significant stock price drop of 5.05%, closing at $104.80 per share. Trading volume reached 654,162 shares, with a turnover rate of 1.19% and a price volatility of 4.91%.
The company's latest financial report shows that it achieved revenue of $3.993 billion and a net profit of $109 million, resulting in an earnings per share of $1.97, with a gross profit of $643 million and a price-to-earnings ratio of 10.31. Among analysts, 33% recommend buying, 44% holding, and 23% selling the stock.
In the broader home appliances sector, which experienced an overall decline of 1.41%, some stocks such as Natuzzi, Aterian Inc., and Viomi Technology recorded significant gains, while others like Mohawk Industries, Irobot Corporation, and Whirlpool were more active in trading. Notable price fluctuations were seen in stocks like Natuzzi, Nova Furniture, and Northann Corp.
Whirlpool is recognized as a leading manufacturer and seller of home appliances and related products. Its business is organized into five operating segments: Major Domestic Appliances (MDA) North America, MDA Europe, MDA Latin America, MDA Asia, and Small Domestic Appliances (SDA). Product categories include refrigeration, laundry, cooking, and dishwashing appliances, with a notable consumer brand portfolio featuring names like KitchenAid mixers.
Recently, Whirlpool reported a third-quarter net sales figure of $3.99 billion, marking a 19% decline compared to the previous year, missing market expectations of $4.09 billion. However, after cost-cutting measures, it achieved a net profit increase of 31.3% to $109 million, with adjusted earnings per share of $3.43, surpassing market expectations of $3.22. Whirlpool maintains its full-year revenue guidance of $16.9 billion and an earnings outlook of $12 per share, exceeding market expectations of $16.78 billion and $11.51 per share, respectively.
