Trump seeking economic deal with China as fresh trade talks loom- WSJ
Whirlpool Corporation (NYSE:WHR)'s stock soared to a 52-week high of $132.03, reflecting a robust performance in the face of a dynamic market environment. According to InvestingPro data, the stock trades at a P/E ratio of 13x and offers an attractive 5.3% dividend yield, having maintained dividend payments for 54 consecutive years. The company, known for its home appliances, has seen a significant turnaround, with the stock price climbing steadily over the past year. The stock has delivered a strong 28.3% return over the past six months, despite facing revenue headwinds with a projected 14% decline for the current year. This surge to new heights marks a notable achievement for Whirlpool, as it navigates through the challenges and opportunities presented by the global economic landscape. InvestingPro analysis suggests the stock may be overvalued at current levels, with additional insights available in the comprehensive Pro Research Report, which covers what really matters for smarter investing decisions.
In other recent news, Whirlpool Corporation experienced a notable growth in the third quarter of 2024, achieving a sequential global EBIT margin expansion of 50 basis points. The company's ongoing EPS for the quarter stood at $3.43, and anticipates approximately $500 million in free cash flow for 2024. Dividends of $1.75 per share were paid in Q3 and declared for Q4, totaling $400 million in shareholder returns for the year. On the other hand, Raymond (NSE:RYMD) James has revised its full-year 2025 adjusted EPS estimate for Whirlpool downward from $12.00 to $11.00, citing foreign exchange and raw material inventory headwinds. These recent developments underscore Whirlpool's commitment to its long-term growth strategy and shareholder value. The company remains focused on strategic cost reductions and debt management, with plans to address $1.8 billion in current maturities due in 2025. Whirlpool's next earnings report is due on January 29, 2025, and investors can access comprehensive analysis and additional insights through InvestingPro's detailed research reports.
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