Fly News Breaks for January 29, 2020
Jan 29, 2020 | 09:29 EDT
RBC Capital analyst Mike Dahl raised his price target on Whirlpool after its Q4 earnings beat and above-consensus FY20 guidance at the midpoint. The analyst also cites improved price and cost outlook for the company, with the benefits of lower net raw material costs and tariffs supporting its North America margins. Dahl still keeps his Underperform rating on Whirlpool and believes that the 2020 outlook for its management is "overly optimistic".
News For WHR From the Last 2 Days
Apr 19, 2021 | 18:46 EDT
The board of directors of Whirlpool has authorized an additional $2B share repurchase program. The new authorization is in addition to the $531M unused portion of the previous program as of December 31, 2020. The company's board of directors also approved a 15c increase in the quarterly dividend on the company's common stock to $1.40 per share from $1.25 per share. The dividend is payable June 15 to stockholders of record at the close of business on May 21.