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Whirlpool Looks Like A Buy After Earnings

Several factors are providing a tailwind for appliance makers in recent years. Firstly, a strong housing market is leading to higher demand for new appliances. Secondly, improving employment figures and a slow but steady increase in disposable income is leaving consumers with more money to spend on this product category. Whirlpool (WHR), one of the largest companies in the industry, has been consistently growing its top and bottom line, capping off the fiscal year with a great fourth quarter benefiting from recent acquisitions. Moreover, the firm trades at enticing multiples.

Acquisitions and sales growth

Whirpool has been remarkably consistent in terms of earnings growth, annual EPS skyrocketing from $6.73 in 2011 to $11.39 in fiscal 2014. Now, after four consecutive earnings misses, fourth quarter results came as a relief for investors. Indeed, the report was excellent. Q4 adjusted EPS came in at $3.52, well above calls for $3.17 and good… Read More …