Mohawk Industries (MHK) Getting Somewhat Favorable Media Coverage, Analysis Finds
News stories about Mohawk Industries (NYSE:MHK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mohawk Industries earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.3951101921334 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Mohawk Industries, Inc. :MHK-US: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017 (finance.yahoo.com)
- Brokerages Expect Mohawk Industries, Inc. (MHK) Will Post Quarterly Sales of $2.39 Billion (americanbankingnews.com)
- Zacks: Analysts Anticipate Mohawk Industries, Inc. (MHK) Will Post Earnings of $3.30 Per Share (americanbankingnews.com)
- Analysts Set Expectations for Mohawk Industries, Inc.’s FY2017 Earnings (MHK) (americanbankingnews.com)
Mohawk Industries (NYSE MHK) opened at $260.62 on Tuesday. The stock has a market capitalization of $19,124.77, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. Mohawk Industries has a 52 week low of $184.14 and a 52 week high of $268.46.
Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.74 by $0.01. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. analysts forecast that Mohawk Industries will post 13.49 earnings per share for the current fiscal year.
Several analysts have recently commented on MHK shares. BidaskClub upgraded Mohawk Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $267.00 price objective on shares of Mohawk Industries in a report on Monday, July 24th. MKM Partners reiterated a “buy” rating and set a $286.00 price objective (up previously from $255.00) on shares of Mohawk Industries in a report on Wednesday, August 2nd. Zacks Investment Research lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, ValuEngine upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $279.15.
In other Mohawk Industries news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the sale, the chairman now directly owns 21,396 shares of the company’s stock, valued at approximately $5,454,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rodney David Patton sold 137 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $246.78, for a total value of $33,808.86. Following the sale, the vice president now directly owns 6,924 shares in the company, valued at $1,708,704.72. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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