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.
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.
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