News headlines about Mohawk Industries (NYSE:MHK) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mohawk Industries earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2134244974443 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Mohawk Industries’ (MHK) “Buy” Rating Reaffirmed at Royal Bank of Canada (americanbankingnews.com)
- Mohawk Industries’ (MHK) Buy Rating Reaffirmed at MKM Partners (americanbankingnews.com)
- Global Ceramic Tiles Market 2018 Outlook- Iris Ceramica, Mohawk Industries, Florida Tile and Crossville Inc (businessservices24.com)
- Northam says manufacturer will expand in Virginia (wtop.com)
- Global Vitrified Tiles Market Outlook 2018-2022: Portobello, Lamosa, Mohawk Industries, SCG (thetechnicalprogress.com)
Several analysts recently commented on the company. Zacks Investment Research cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $310.00 target price (up previously from $303.00) on shares of Mohawk Industries in a research report on Monday, January 22nd. They noted that the move was a valuation call. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Robert W. Baird cut their price objective on Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Finally, Longbow Research upgraded Mohawk Industries from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Mohawk Industries presently has a consensus rating of “Buy” and an average target price of $293.07.
NYSE MHK traded up $0.57 during trading on Monday, reaching $239.77. 233,041 shares of the company traded hands, compared to its average volume of 713,839. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $17,802.57, a price-to-earnings ratio of 17.58, a PEG ratio of 1.68 and a beta of 1.36. Mohawk Industries has a 1-year low of $223.99 and a 1-year high of $286.85.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.10. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $3.26 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. analysts predict that Mohawk Industries will post 15.65 earnings per share for the current year.
In other Mohawk Industries news, Director William Henry Runge III bought 500 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $250.87 per share, for a total transaction of $125,435.00. Following the transaction, the director now owns 2,335 shares of the company’s stock, valued at approximately $585,781.45. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chistopher Wellborn sold 8,707 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $252.00, for a total transaction of $2,194,164.00. The disclosure for this sale can be found here. Insiders sold 34,595 shares of company stock valued at $8,603,365 in the last quarter. 16.80% of the stock is currently owned by corporate insiders.
Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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