As previously reported, BofA downgraded Whirlpool (WHR) to Underperform from Neutral with a price target of $70, down from $100, following “disappointing” Q2 earnings and guidance as well as a dividend cut. After the company lowered its 2025 ongoing EPS guidance to $6-$8 from $10, the firm lowered its own 2025 and 2026 EPS estimates by (22%) and (23%), respectively.
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- Whirlpool falls 11% to $87.21 after Q2 results miss, FY25 guidance lowered
- Whirlpool to recommend an annual dividend payout rate of $3.60 per share
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