Mohawk Industries (MHK) Given Daily News Impact Rating of 0.21
News headlines about Mohawk Industries (NYSE:MHK) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing 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 0.21 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8849348596513 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Mohawk Industries (NYSE:MHK) traded down $3.39 during trading hours on Tuesday, hitting $281.26. 428,422 shares of the company were exchanged, compared to its average volume of 485,862. The firm has a market cap of $21,160.00, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.58 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. Mohawk Industries has a 1-year low of $193.59 and a 1-year high of $286.85.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.01. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. Mohawk Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. equities analysts anticipate that Mohawk Industries will post 13.52 earnings per share for the current year.
MHK has been the topic of several recent research reports. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $300.00 price target (up from $291.00) on shares of Mohawk Industries in a research report on Monday, October 30th. Cleveland Research downgraded shares of Mohawk Industries from a “buy” rating to a “neutral” rating in a research report on Friday, September 22nd. J P Morgan Chase & Co increased their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $281.42.
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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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