Media headlines about Mohawk Industries (NYSE:MHK) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. 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 daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the company an impact score of 43 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Mohawk Industries, Inc. (MHK) Position Up in Latest Report from Mik Capital LLC – Highlight Press (highlightpress.com)
- Mohawk Industries, Inc. :MHK-US: Earnings Analysis: Q2, 2017 By the Numbers : August 8, 2017 (finance.yahoo.com)
- Reviewing Interface (IFSIA) & Mohawk Industries (MHK) (americanbankingnews.com)
- Investor Watch: Checking on Shares of Mohawk Industries, Inc. (NYSE:MHK) – Jonesboro Recorder (jonesbororecorder.com)
- Are Investors Shying Away from Shares of Mohawk Industries, Inc. (NYSE:MHK) or Concho Resources Inc. (NYSE:CXO)? – FLBC News (flbcnews.com)
Several analysts have recently weighed in on MHK shares. Nomura started coverage on shares of Mohawk Industries in a research report on Wednesday, April 12th. They set a “buy” rating and a $280.00 price objective for the company. BidaskClub upgraded shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. MKM Partners restated a “buy” rating and set a $255.00 price objective on shares of Mohawk Industries in a research report on Tuesday, April 18th. Instinet restated a “buy” rating and set a $280.00 price objective on shares of Mohawk Industries in a research report on Friday, April 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $267.00 target price on shares of Mohawk Industries in a report on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Mohawk Industries presently has a consensus rating of “Buy” and a consensus target price of $266.64.
Mohawk Industries (NYSE MHK) opened at 248.96 on Wednesday. The firm’s market capitalization is $18.50 billion. Mohawk Industries has a 52 week low of $175.52 and a 52 week high of $252.89. The firm has a 50-day moving average of $245.23 and a 200 day moving average of $232.62.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 27th. The company reported $3.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.12. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. Mohawk Industries’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.47 EPS. Analysts predict that Mohawk Industries will post $13.53 earnings per share for the current year.
In other Mohawk Industries news, insider Suzanne L. Helen sold 6,200 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $240.62, for a total value of $1,491,844.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Cock Frans Georges De sold 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $238.27, for a total value of $238,270.00. Following the completion of the transaction, the director now directly owns 13,016 shares in the company, valued at approximately $3,101,322.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,587 shares of company stock worth $1,823,768. 17.10% of the stock is owned by insiders.
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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.
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