$WHR

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Whirlpool's Refinancing to Result in Interest Cost Headwind, RBC Says

Whirlpool's (WHR) recent refinancing removes near-term maturity risk but the increase in interest costs present a cash interest headwind that will likely pressure the company's earnings and free cash flow, RBC Capital Markets said in a note emailed Tuesday.The investment firm said it updated its model to take into account Whirlpool's $2 billion senior secured second lien notes issued to tender about 1.1 billion euros ($1.28 billion) of euro notes and pay down a revolver, which also "significantly" increased the company's interest burden.RBC said it is "well below" the company's guidance for earnings per share and free cash flow.For 2026, RBC is expecting EPS to decline to $0.04 from $1.41, versus the $3.00 guidance, and for 2027 it expects EPS to fall to $1.97 from $3.64.RBC also expects the company's 2026 and 2027 free cash flow to fall to $183 million and $308 million from $229 million and $435 million previously.RBC decreased Whirlpool's price target to $30 from $32, while keeping the company's underperform rating.Price: $39.53, Change: $-2.33, Percent Change: -5.57%

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Treasury13d ago

Whirlpool Prices Upsized Offering of Senior Notes

Whirlpool (WHR) said late Tuesday it has priced an offering of $1 billion of 7.500% senior secured second lien notes due July 1, 2031, and $1 billion of 7.875% senior secured second lien notes due July 1, 2034.The offering was upsized from $750 million of each of the 2031 notes and 2034 notes previously, the company said. The offering is expected to close on June 16.Net proceeds will be used among others to help pay its 1.250% senior notes due 2026 and 1.100% senior notes due 2027, it said.

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Research33d ago

Goldman Sachs Downgrades Whirlpool to Neutral From Buy, Adjusts Price Target to $53 From $72

Whirlpool (WHR) has an average rating of hold and mean price target of $48.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research34d ago

Research Alert: CFRA Raises Opinion On Shares Of Whirlpool Corp. To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target by $25 to $60, based on 10x our 2027 EPS estimate and slightly higher than the company's three-year average forward P/E multiple of 9.3x. We lower our 2026 EPS estimate to $3.25 from $6.51 and 2027 to $6.00 from $8.09. WHR reported first-quarter results that reflected severe pressure from macroeconomic deterioration and industry disruption. The company posted a normalized EPS loss of -$0.56 per share versus earnings of $1.70 per share in Q1 2025 and $1.03 below estimates. Net sales declined 9.6% to $3,273M, $167M below estimates, with organic sales down 6.1% as the war in Iran triggered a recession-level collapse in U.S. appliance demand during late February and March. We believe value has emerged in shares for patient investors willing to look past the next few quarters as shares trade at the bottom of its 35-year range. Our opinion is that earnings will snap back significantly in 2027 and 2028 and we see investors beginning to look past 2026.

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Wire40d ago

Whirlpool Outlook Cut Comes as Iran War Drives Appliance Industry Downturn; Shares Tumble

Whirlpool (WHR) lowered its full-year guidance late Wednesday as record-low consumer sentiment triggered by the Iran war drove a downturn in the US appliance industry, company officials said Thursday.Shares of the appliance maker slumped 12% intraday Thursday. The stock is down 33% so far this year.The company now expects adjusted per-share earnings of $3 to $3.50 in 2026, compared with its previous estimate of $7. Analysts in a FactSet survey expect $4.83. Full-year revenue is pegged at about $15 billion, down from its prior guidance of $15.30 billion to $15.60 billion. Wall Street is looking for $15.26 billion."Consumer sentiment was already on a very low level by any historical standard, but the war in Iran amplified consumer concerns about the cost of living," Chief Executive Marc Bitzer said during an earnings call on Thursday, according to a FactSet transcript.US consumer sentiment plunged to a record low in April as near-term inflation expectations logged the biggest monthly increase in a year, the University of Michigan said last month. Energy prices have surged in the aftermath of the US-Israel war with Iran that has disrupted shipments through the Strait of Hormuz. A ceasefire between Washington and Tehran appears to be holding, with the two sides said to be closing in on a peace deal.Demand in the American appliance industry declined 7.4% in the first quarter, Bitzer told analysts."This level of industry decline is similar to what we have observed during the global financial crisis, and even higher than during other recessionary periods," he said. "While we do believe that the negative industry demand in March was somewhat of an outlier, we do not anticipate a full recovery and are now forecasting US industry demand being down by 5% on a full year base."Whirlpool reported a first-quarter adjusted loss of $0.56 per share late Wednesday, swinging from earnings of $1.70 per share a year earlier. The Street expected non-GAAP EPS of $0.38. Revenue fell 9.6% to $3.27 billion, falling short of the $3.44 billion consensus estimate."Our results in the first quarter were negatively impacted by the ongoing macroeconomic and geopolitical events that have developed since late February," Chief Financial Officer Roxanne Warner said on the Thursday call.Meanwhile, the company decided to suspend its quarterly dividend starting in the second quarter."This decision is critical to ensure we create the capacity on our balance sheet to pay down debt and fund organic growth," Warner said. Whirlpool expects to pay down more than $900 million of debt this year.The guidance cut and dividend suspension were likely needed to support Whirlpool's de-levering efforts, RBC Capital Markets analysts Mike Dahl said in a note emailed Thursday. However, these two actions may still may not be enough to "quickly fix leverage," Dahl said.Price: $47.17, Change: $-7.56, Percent Change: -13.81%

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Wire40d ago

Top Midday Stories: Citi CEO Fraser Gives New ROTCE Targets; Datadog Shares Soar After Strong Earnings, Bullish Guidance

The Dow Jones Industrial Average was down, while the S&P 500 Index and the Nasdaq Composite were up in late-morning trading Thursday, as oil prices fell below $100 on hopes that the US and Iran are nearing an agreement to end their war.In company news, Citigroup (C) Chief Executive Jane Fraser said Thursday at the bank's Investor Day that Citi expects its return on tangible common equity to hit a range of 11% to 13% in 2027 and 2028, up from 10% to 11% currently, before rising further to 14% to 15% from 2029 to 2031, according to a slide deck the company published. Citigroup shares were up 2.1% around midday.Datadog (DDOG) reported Q1 non-GAAP net income Thursday of $0.60 per diluted share, up from $0.46 a year earlier and above the FactSet consensus of $0.51. First-quarter revenue was $1.01 billion, up from $761.6 million a year ago and above the FactSet consensus of $960.1 million. For Q2, the company said it expects non-GAAP EPS of $0.57 to $0.59 on revenue of $1.07 billion to $1.08 billion. Analysts polled by FactSet expect $0.50 and $994 million, respectively. For full-year 2026, Datadog said it expects non-GAAP EPS of $2.36 to $2.44 on revenue of $4.30 billion to $4.34 billion, up from the previous guidance ranges of $2.08 to $2.16, and $4.06 billion to $4.12 billion, respectively. Analysts polled by FactSet expect earnings of $2.16. Datadog shares were up 29.6%.McDonald's (MCD) reported Q1 adjusted earnings Thursday of $2.83 per diluted share, up from $2.67 a year earlier and above the FactSet consensus of $2.74. First-quarter revenue was $6.52 billion, up from $5.96 billion a year ago and above the FactSet consensus of $6.47 billion. McDonald's shares were down 0.4%.Zoetis (ZTS) reported Q1 adjusted earnings Thursday of $1.53 per diluted share, up from $1.41 a year earlier but below the FactSet consensus of $1.60. First-quarter revenue was $2.26 billion, up from $2.20 billion a year ago but below the FactSet consensus of $2.30 billion. For full-year 2026, the company said it expects adjusted EPS of $6.85 to $7.00, down from its previous guidance of $7.00 to $7.10 and below the FactSet consensus of $7.03. The company also lowered its full-year 2026 revenue guidance to $9.68 billion to $9.96 billion from $9.83 billion to $10.03 billion previously. Analysts polled by FactSet expect $9.89 billion. Zoetis shares were down 22%.Arm (ARM) reported fiscal Q4 adjusted earnings late Wednesday of $0.60 per diluted share, up from $0.55 a year earlier and above the FactSet consensus of $0.58. Fiscal Q4 revenue was $1.49 billion, up from $1.24 billion a year ago and above the FactSet consensus of $1.47 billion. For fiscal Q1, the company said it expects adjusted EPS of $0.40, plus or minus $0.04, on revenue of $1.26 billion, plus or minus $50 million. Analysts polled by FactSet expect $0.37 and $1.25 billion, respectively. Arm shares were down 8.4%.Whirlpool (WHR) reported a Q1 adjusted loss late Wednesday of $0.56 per diluted share, swinging from adjusted earnings of $1.70 a year earlier and compared with the FactSet consensus of earnings of $0.38. First-quarter revenue was $3.27 billion, down from $3.62 billion a year ago and below the FactSet consensus of $3.44 billion. For fiscal 2026, the company said it expects adjusted EPS of $3 to $3.50, down from its previous guidance of $7 and below the FactSet consensus of $4.83. Full-year revenue is expected to be about $15 billion, down from its prior guidance of $15.30 billion to $15.60 billion and below the FactSet consensus of $15.26 billion. The company said the war in Iran has triggered a "recession-level industry decline in the US." Whirlpool shares were down 12.3%.Shake Shack (SHAK) reported breakeven fiscal Q1 adjusted earnings Thursday, compared with $0.14 per diluted share a year earlier and below the FactSet consensus of $0.12. Fiscal Q1 revenue was $366.7 million, up from $320.9 million a year ago but below the FactSet consensus of $372.4 million. Shake Shack also said it has appointed Michelle Hook as chief financial officer, effective May 11. Shares of the company were down 28.6%.Price: $130.33, Change: $+2.72, Percent Change: +2.14%

$ARM$C$DDOG$MCD$SHAK$WHR$ZTS

Research40d ago

Research Alert: Whirlpool Shares Fall 20% On Big Earnings Miss And Guidance Cut

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Whirlpool reported a Q1 ongoing loss of $(0.56) per share versus $1.70 in the prior year and $1.03 below estimates, while net sales declined 9.6% to $3.273B, missing estimates by $167M. Organic sales fell 6.1% as geopolitical disruption triggered recession-level U.S. appliance demand collapse, with ongoing EBIT margin contracting 460 basis points to 1.3%. In our opinion, the 20% share decline is justified given the company's three-year average forward P/E of 9.3x. Management updated full-year guidance to ongoing EPS of $3.00-$3.50 from $7.00 previously, with sales of approximately $15.0B versus prior guidance of $15.3B-15.6B. The company announced over $150M in structural cost savings targeting 100 basis points of margin expansion and completed strategic recapitalization raising $557M through preferred stock issuance. Management suspended the common dividend to prioritize deleveraging and expects transition to a $2.25B asset-based credit facility in Q2 2026.

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Research55d ago

Citigroup Initiates Whirlpool at Neutral With $60 Price Target

Whirlpool (WHR) has an average rating of hold and mean price target of $65.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire57d ago

BofA Adjusts Price Target on Whirlpool to $50 From $60

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Research57d ago

Mizuho Securities Initiates Coverage on Whirlpool With Neutral Rating, $55 Price Target

Whirlpool (WHR) has an average rating of Hold and mean price target of $66.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire66d ago

Whirlpool to Invest $60 Million in New Ohio Production Facility

Whirlpool (WHR) plans to invest $60 million in a new production facility in Perrysburg, Ohio, with a two-year development expected to create 100 to 150 jobs.The investment will be used to revamp a building previously used for solar-panel manufacturing, the company said Friday in a statement.The site, for production of appliance components and subassemblies for washers and dryers, will serve as a hub for US operations and support nearby Ohio plants, the company said.The investment is subject to final approval of incentives, including assistance from JobsOhio and a state tax credit, the company said.Price: $56.29, Change: $-0.59, Percent Change: -1.04%

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