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Whirlpool Corporation's stock has reached a new 52-week low, touching 66.95 USD. This recent development highlights a challenging year for the company, as its stock has experienced a significant decline, with a year-to-date return of -38.06% and a 1-year return of -34.84%. Despite not being profitable over the last twelve months with a diluted EPS of -$3.28, analysts predict the company will be profitable this year with an EPS forecast of $6.61.The drop to this new low underscores the pressures facing Whirlpool in the current market environment, reflected in its WEAK Financial Health rating from InvestingPro. Nevertheless, the company maintains a notable 5.33% dividend yield and has sustained dividend payments for 55 consecutive years. According to InvestingPro's Fair Value assessment, the stock appears overvalued at current levels.As the company navigates these difficulties, stakeholders will be closely monitoring any strategic adjustments or market shifts that could impact Whirlpool's financial performance and stock trajectory. InvestingPro offers additional insights through its comprehensive Research Report, one of 1,400+ available for top US stocks, providing clear, actionable intelligence beyond what's visible in standard financial data.
In other recent news, Whirlpool Corporation reported third-quarter earnings that surpassed analyst expectations, driven by strong revenue growth in North America. The company posted adjusted earnings of $2.09 per share, significantly exceeding the analyst consensus of $1.39. Revenue reached $4.03 billion, surpassing estimates of $3.93 billion and marking a 1.0% increase year-over-year. Despite these positive earnings results, RBC Capital has lowered its price target for Whirlpool to $51.00 from $63.00, maintaining an Underperform rating. The downgrade is attributed to weak third-quarter core operations and fourth-quarter guidance, with concerns about profit margins despite resilient volumes. These developments highlight ongoing challenges for Whirlpool, including tariffs and competition from Asian manufacturers. The company's recent performance and analyst assessments reflect a complex landscape for investors to consider.
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