Q1 2018 Earnings Estimate for Mohawk Industries, Inc. Issued By SunTrust Banks (MHK)

Mohawk Industries, Inc. (NYSE:MHK) – Equities researchers at SunTrust Banks increased their Q1 2018 EPS estimates for Mohawk Industries in a research report issued to clients and investors on Monday. SunTrust Banks analyst K. Hughes now anticipates that the company will post earnings per share of $3.01 for the quarter, up from their prior estimate of $2.92. SunTrust Banks currently has a “Buy” rating and a $275.00 target price on the stock. SunTrust Banks also issued estimates for Mohawk Industries’ Q2 2018 earnings at $4.13 EPS and Q4 2018 earnings at $4.13 EPS.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.32 by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. Mohawk Industries’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 EPS.

A number of other equities analysts have also recently issued reports on MHK. Zacks Investment Research cut shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Nomura set a $300.00 target price on shares of Mohawk Industries and gave the company a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus restated a “buy” rating and set a $270.00 target price on shares of Mohawk Industries in a research note on Sunday, October 29th. 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 research note on Monday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Mohawk Industries has a consensus rating of “Buy” and a consensus target price of $295.62.

Mohawk Industries (NYSE:MHK) opened at $254.55 on Tuesday. The stock has a market cap of $18,539.88, a PE ratio of 18.33, a P/E/G ratio of 2.04 and a beta of 1.26. Mohawk Industries has a one year low of $219.22 and a one year high of $286.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80.

Institutional investors and hedge funds have recently bought and sold shares of the business. NuWave Investment Management LLC bought a new position in shares of Mohawk Industries in the 4th quarter worth approximately $117,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mohawk Industries in the 4th quarter worth approximately $124,000. Cerebellum GP LLC bought a new position in shares of Mohawk Industries in the 4th quarter worth approximately $124,000. Calton & Associates Inc. bought a new position in shares of Mohawk Industries in the 4th quarter worth approximately $171,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Mohawk Industries in the 4th quarter worth approximately $174,000. Institutional investors and hedge funds own 76.51% of the company’s stock.

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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.

Earnings History and Estimates for Mohawk Industries (NYSE:MHK)

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