Whirlpool Corporation (WHR) is Downgraded by Raymond James to Mkt Perform

Whirlpool Corporation (WHR) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on Whirlpool Corporation. Whirlpool Corporation was Upgraded by Raymond James to ” Strong Buy” on Jul 25, 2016.

On the company’s financial health, Whirlpool Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $3.37. The company had revenue of $5198.00 million for the quarter, compared to analysts expectations of $5130.20 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.70 EPS.

Whirlpool Corporation opened for trading at $178.83 and hit $186 on the upside on Wednesday, eventually ending the session at $183.67, with a gain of 2.41% or 4.32 points. The heightened volatility saw the trading volume jump to 15,57,686 shares. Company has a market cap of $13,953 M.

In a different news, on May 12, 2016, Larry M Venturelli (EXEC. VICE PRESIDENT AND CFO) sold 20,428 shares at $176.25 per share price. According to the SEC, on May 12, 2016, Michael D White (director) purchased 2,700 shares at $172.78 per share price. On May 12, 2016, David T Szczupak (EXECUTIVE VICE PRESIDENT) sold 11,000 shares at $177.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in 14 countries and markets products in nearly every country around the world under brand names such as Whirlpool KitchenAid Maytag Consul Brastemp Amana Bauknecht Jenn-Air and Indesit. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

Whirlpool Corporation

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