Press coverage about Mohawk Industries (NYSE:MHK) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mohawk Industries earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.2892069534062 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Mohawk Industries, Inc. Forecasted to Post Q4 2017 Earnings of $3.32 Per Share (MHK) (americanbankingnews.com)
- Leggett & Platt, Incorporated (LEG) Ex-Dividend Date Scheduled for December 14, 2017 – Nasdaq (nasdaq.com)
- Flexsteel Industries, Inc. (FLXS) Ex-Dividend Date Scheduled for December 14, 2017 – Nasdaq (nasdaq.com)
- Bed Bath & Beyond Inc. (BBBY) Ex-Dividend Date Scheduled for December 14, 2017 – Nasdaq (nasdaq.com)
- Mohawk Industries, Inc. (MHK) Expected to Earn FY2017 Earnings of $13.52 Per Share (americanbankingnews.com)
Several analysts have weighed in on the company. Northcoast Research assumed coverage on Mohawk Industries in a report on Thursday, October 5th. They set a “buy” rating and a $295.00 price objective for the company. Instinet reissued a “buy” rating and set a $288.00 price objective (up from $280.00) on shares of Mohawk Industries in a report on Saturday, September 30th. Jefferies Group began coverage on Mohawk Industries in a report on Tuesday, December 12th. They set a “buy” rating and a $330.00 price objective for the company. Barclays boosted their target price on Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Finally, Stifel Nicolaus restated a “buy” rating and set a $270.00 target price on shares of Mohawk Industries in a research report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Mohawk Industries presently has an average rating of “Buy” and an average target price of $289.33.
Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company earned $3.50 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities research analysts expect that Mohawk Industries will post 13.52 EPS for the current fiscal year.
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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