Whirlpool Corp. Stock Outperforms Market on Friday
November 29, 2023
🌥️Trending News
On Friday, the stock of Whirlpool ($NYSE:WHR) Corp. (NYSE: WHR) rose and outperformed the market. Whirlpool is a major appliance manufacturer, producing home appliances such as washing machines, refrigerators, microwaves, and other consumer products. This rise in stock price was mainly due to an increase in demand for home appliances during the pandemic, as more people are staying at home and need to buy items for their households.
In addition, the company recently announced a restructuring plan which will improve profitability and position it for long-term growth. This news also contributed to the rise in stock price. This is great news for investors and shows that the company is doing well despite challenging circumstances. With its recent restructuring plan and increased demand for home appliances, there is no reason why the stock should not continue to rise in the future.
Market Price
On Friday, Whirlpool Corporation stock outperformed the market, closing at $108.4. The stock opened at $108.4, slightly down from the previous closing price of 109.2. Despite the slight decrease, Whirlpool Corporation still finished the day higher than the broader market, making it a successful day of trading for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Whirlpool Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 19.29k | -1.61k | -0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Whirlpool Corporation. More…
| Operations | Investing | Financing |
| 758 | -3.58k | 2.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Whirlpool Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.89k | 14.65k | 37.63 |
Key Ratios Snapshot
Some of the financial key ratios for Whirlpool Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.4% | -13.7% | -4.4% |
| FCF Margin | ROE | ROA |
| 1.0% | -26.2% | -3.2% |
Analysis
GoodWhale conducted an analysis of WHIRLPOOL CORPORATION‘s wellbeing and classified it under the ‘cow’ category. We use this classification to indicate that the company has a track record of paying out consistent and sustainable dividends. This makes the company an attractive investment for those looking for a reliable return on their money. The health score of WHIRLPOOL CORPORATION was 7/10, indicating that its cashflows and debt are good enough to sustain operations during times of crisis. Our star chart further revealed that the company is particularly strong in asset and dividend, while its profitability and growth are only rated as medium. These factors make the company a great option for investors who are looking for consistent returns with some potential for growth. More…
Peers
The competition in the home appliance industry is fierce. Whirlpool Corporation, the world’s leading manufacturer of major home appliances, competes against Electrolux AB, Traeger Inc, and Allan International Holdings Ltd. These companies are all vying for a share of the market and are constantly innovating to stay ahead of the competition.
– Electrolux AB ($OTCPK:ELRXF)
Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is the second largest appliance manufacturer in the world, after Whirlpool. The company also makes appliances for professional use. The company has a market cap of 3.07B as of 2022 and a Return on Equity of 14.67%. The company’s products include refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small appliances such as microwaves and coffee makers.
– Traeger Inc ($NYSE:COOK)
Traeger Inc, a leading manufacturer of grilling products, has a market cap of 351.16M as of 2022. The company’s Return on Equity is -26.37%. Traeger Inc manufactures and sells a complete line of grills and related accessories. The company offers products through a network of dealers and distributors in the United States and internationally.
– Allan International Holdings Ltd ($SEHK:00684)
Allan International Holdings Ltd is a company that operates in the business of providing steel products and services. The company has a market capitalization of 379.68 million as of 2022 and a return on equity of -1.13%. The company’s steel products and services are used in a variety of industries, including construction, automotive, and energy. Allan International Holdings Ltd has a strong presence in the Chinese market and is one of the leading suppliers of steel products and services in the country. The company’s products and services are also exported to other countries in Asia, Europe, and North America.
Summary
Whirlpool Corporation is a leading global manufacturer and marketer of major home appliances. On Friday, Whirlpool Corp.’s stock price rose well above the market average, indicating a strong performance on the stock market. Analysts attribute this success to Whirlpool’s extensive product portfolio and innovation in consumer technology, along with its large global footprint, efficient cost management and strong brand recognition. With a strong balance sheet and a low debt-to-equity ratio, Whirlpool Corp. is well-positioned to continue to capitalize on opportunities in the near term and return value to shareholders in the long-term.
Related Posts
Recent Posts
