Media coverage about Mohawk Industries (NYSE:MHK) has trended somewhat positive this week, according to Accern Sentiment. 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 public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mohawk Industries earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3250502593278 out of 100, indicating that recent press 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 effected Accern Sentiment Analysis’s analysis:
- FY2018 EPS Estimates for Mohawk Industries, Inc. Lifted by Jefferies Group (MHK) (americanbankingnews.com)
- Mohawk Industries (MHK) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Mohawk Industries (MHK) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Mohawk Industries, Inc. Forecasted to Post Q1 2018 Earnings of $3.17 Per Share (MHK) (americanbankingnews.com)
- Mohawk Industries, Inc. (MHK) Expected to Announce Quarterly Sales of $2.38 Billion (americanbankingnews.com)
MHK has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Nomura set a $300.00 target price on shares of Mohawk Industries and gave the stock a “buy” rating in a research report on Friday, October 27th. Royal Bank of Canada restated an “outperform” rating and issued a $300.00 target price (up previously from $291.00) on shares of Mohawk Industries in a research report on Monday, October 30th. Northcoast Research assumed coverage on shares of Mohawk Industries in a research report on Thursday, October 5th. They issued a “buy” rating and a $295.00 target price for the company. Finally, Barclays upped their target price on shares of Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $293.00.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.74 by $0.01. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business earned $3.50 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts predict that Mohawk Industries will post 13.52 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Mohawk Industries (MHK) Given Coverage Optimism Score of 0.18” was first posted by Week Herald and is owned by of Week Herald. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://weekherald.com/2018/01/21/mohawk-industries-mhk-getting-somewhat-positive-media-coverage-report-shows.html.
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.
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.