Mohawk Industries, Inc. Forecasted to Earn Q2 2018 Earnings of $4.02 Per Share (MHK)
Mohawk Industries, Inc. (NYSE:MHK) – Equities research analysts at Jefferies Group lifted their Q2 2018 earnings estimates for Mohawk Industries in a research note issued on Monday. Jefferies Group analyst P. Ng now forecasts that the company will earn $4.02 per share for the quarter, up from their previous forecast of $3.95. Jefferies Group currently has a “Buy” rating and a $330.00 target price on the stock. Jefferies Group also issued estimates for Mohawk Industries’ Q3 2018 earnings at $4.44 EPS and FY2018 earnings at $15.47 EPS.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.42 EPS for the quarter, topping the Zacks’ consensus estimate of $3.32 by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 earnings per share.
Shares of Mohawk Industries (NYSE:MHK) opened at $251.28 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53. The stock has a market capitalization of $18,918.16, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. Mohawk Industries has a one year low of $219.22 and a one year high of $286.85.
Hedge funds and other institutional investors have recently modified their holdings of the company. NuWave Investment Management LLC acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at $117,000. Cerebellum GP LLC acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at $124,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at $124,000. Calton & Associates Inc. acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at $171,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at $174,000. 76.51% of the stock is owned by institutional investors and hedge funds.
WARNING: This piece was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/02/14/mohawk-industries-inc-forecasted-to-earn-q2-2018-earnings-of-4-02-per-share-mhk.html.
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.
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.