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.

MHK has been the subject of several other research reports. Barclays raised their target price on Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Credit Suisse Group reissued an “outperform” rating and set a $310.00 target price (up previously from $303.00) on shares of Mohawk Industries in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Mohawk Industries from a “hold” rating to a “buy” rating and set a $312.00 target price for the company in a research note on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating and set a $270.00 target price on shares of Mohawk Industries in a research note on Sunday, October 29th. Finally, ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Mohawk Industries presently has an average rating of “Buy” and a consensus target price of $295.62.

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.

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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.

Earnings History and Estimates for Mohawk Industries (NYSE:MHK)

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