Mohawk Industries (MHK) Earns Daily Media Sentiment Rating of 0.15

News coverage about Mohawk Industries (NYSE:MHK) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mohawk Industries earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8935567798767 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

MHK has been the topic of a number of research reports. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $291.00 price target on shares of Mohawk Industries in a report on Monday, July 31st. BidaskClub lowered Mohawk Industries from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Cleveland Research lowered Mohawk Industries from a “buy” rating to a “neutral” rating in a report on Friday, September 22nd. Finally, J P Morgan Chase & Co raised their price target on Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $281.42.

Shares of Mohawk Industries (NYSE:MHK) traded up $1.55 on Friday, reaching $272.20. The company’s stock had a trading volume of 222,964 shares, compared to its average volume of 504,155. Mohawk Industries has a 12 month low of $189.44 and a 12 month high of $272.46. The stock has a market cap of $20,229.91, a price-to-earnings ratio of 20.24, a PEG ratio of 2.46 and a beta of 1.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the company earned $3.50 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts predict that Mohawk Industries will post 13.52 EPS for the current fiscal year.

In other news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the completion of the sale, the chairman now directly owns 21,396 shares in the company, valued at approximately $5,454,910.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.00% of the stock is currently owned by company 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.

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

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