Stock Traders Purchase Large Volume of Whirlpool Put Options (WHR)
Whirlpool (NYSE:WHR) saw unusually large options trading activity on Friday. Traders acquired 3,668 put options on the company, Analyst Ratings Net reports. This represents an increase of 407% compared to the average daily volume of 723 put options.
A number of research firms have recently commented on WHR. Analysts at Zacks reiterated a “neutral” rating on shares of Whirlpool in a research note on Wednesday, August 6th. They now have a $151.00 price target on the stock. Analysts at Sterne Agee initiated coverage on shares of Whirlpool in a research note on Wednesday, June 4th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $167.67.
Shares of Whirlpool (NYSE:WHR) traded down 0.01% on Friday, hitting $151.86. 548,151 shares of the company’s stock traded hands. Whirlpool has a one year low of $124.39 and a one year high of $160.01. The stock’s 50-day moving average is $144.6 and its 200-day moving average is $144.. The company has a market cap of $11.844 billion and a price-to-earnings ratio of 16.97.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 23rd. The company reported $2.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.92 by $0.30. The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the prior year, the company posted $2.37 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Whirlpool will post $11.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, August 27th.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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