Mohawk Industries (MHK) Earns Daily News Impact Rating of 0.24
News stories about Mohawk Industries (NYSE:MHK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mohawk Industries earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0116007334498 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Mohawk Industries (NYSE MHK) opened at 254.11 on Friday. Mohawk Industries has a 52 week low of $175.52 and a 52 week high of $259.91. The company has a 50 day moving average of $251.35 and a 200 day moving average of $240.22. The company’s market capitalization is $18.89 billion.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the firm earned $3.47 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Mohawk Industries will post $13.51 EPS for the current fiscal year.
Several research analysts have commented on the stock. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. MKM Partners restated a “buy” rating and issued a $286.00 price objective (up from $255.00) on shares of Mohawk Industries in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $291.00 price objective on shares of Mohawk Industries in a report on Monday, July 31st. Finally, BidaskClub lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $266.64.
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In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $246.78, for a total value of $33,808.86. Following the completion of the transaction, the vice president now directly owns 6,924 shares in the company, valued at $1,708,704.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the business’s 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 completion of the transaction, the chairman now owns 21,396 shares of the company’s stock, valued at $5,454,910.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by corporate insiders.
Mohawk Industries Company Profile
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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