Mohawk Industries (NYSE:MHK) Earning Somewhat Favorable Media Coverage, Study Finds

News coverage about Mohawk Industries (NYSE:MHK) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mohawk Industries earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.8935567798767 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several research firms recently weighed in on MHK. Barclays lifted their price target on shares of Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. J P Morgan Chase & Co lifted their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Royal Bank Of Canada restated an “outperform” rating and set a $300.00 target price (up previously from $291.00) on shares of Mohawk Industries in a report on Monday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $270.00 target price on shares of Mohawk Industries in a report on Sunday, October 29th. Finally, Nomura set a $300.00 target price on shares of Mohawk Industries and gave the company a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Mohawk Industries presently has a consensus rating of “Buy” and an average price target of $281.42.

Mohawk Industries (MHK) opened at $284.65 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. The stock has a market capitalization of $21,167.83, a PE ratio of 21.18, a PEG ratio of 2.58 and a beta of 1.37. Mohawk Industries has a 52-week low of $190.92 and a 52-week high of $286.85.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.01. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm earned $3.50 EPS. Mohawk Industries’s quarterly revenue was up 6.7% compared to the same quarter last year. research analysts expect that Mohawk Industries will post 13.52 earnings per share for the current year.

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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.

Insider Buying and Selling by Quarter for Mohawk Industries (NYSE:MHK)

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