Whirlpool (WHR) has a market cap of $12.3 billion. It fell 0.44% to close at $162.29 per share on October 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.78%, 0.28%, and 12.4%, respectively, on the same day. WHR is trading 0.05% above its 20-day moving average, 5.5% below its 50-day moving average, and 2.4% below its 200-day moving average.
Related ETF and peers
The First Trust Large Cap Value AlphaDex ETF (FTA) invests 0.34% of its holdings in Whirlpool. The ETF tracks an index that selects and weights value stocks from the S&P 500 Value Index using fundamental factors including sales, book value, and cash flow. The YTD price movement of FTA was 10.1% on October 18.
The market caps of Whirlpool’s competitors are as follows:
Whirlpool declares dividend
Whirlpool has declared a quarterly dividend of $1 per share on its common stock. The dividend will be paid on December 15, 2016, to shareholders of record at the close of business on November 18, 2016.
Performance of Whirlpool in 2Q16
Whirlpool reported 2Q16 net sales of $5.20 billion, a fall of 0.19% from its net sales of $5.21 billion in 2Q15. The company’s gross margin and operating profit rose 7.2% and 34.1%, respectively, between 2Q15 and 2Q16. Its net income and EPS (earnings per share) rose to $320.0 million and $4.15, respectively, in 2Q16, compared with $177.0 million and $2.21, respectively, in 2Q15.
Whirlpool’s cash and cash equivalents and inventories rose 24.2% and 22.3%, respectively, between 4Q15 and 2Q16. Its current ratio rose to 0.98x and its long-term debt-to-equity ratio fell to 0.96x in 2Q16, compared with 0.95x and 0.99x, respectively, in 4Q15.
Whirlpool has made the following projections for 2016:
- EPS in the range of $11.50–$12
- ongoing business EPS in the range of $14.25–$14.75
- free cash flow in the range of $700 million–$800 million, including restructuring cash outlays of up to $200 million, legacy product warranty and liability costs of $155 million, and capital spending of $700 million–$750 million
- cash from operating activities in the range of $1.4 billion–$1.6 billion
- industry unit shipments to rise 5%–6% in the United States, to be flat to 2% in Europe, the Middle East, and Africa, to fall 10% in Brazil, and to be flat in Asia
Next, we’ll discuss Sonoco Products (SON).