FY2018 EPS Estimates for Mohawk Industries, Inc. (MHK) Lifted by Analyst

Mohawk Industries, Inc. (NYSE:MHK) – Equities research analysts at Gabelli lifted their FY2018 earnings per share estimates for Mohawk Industries in a research report issued on Monday. Gabelli analyst A. Lacayo now expects that the company will post earnings per share of $15.85 for the year, up from their prior estimate of $14.65. Gabelli also issued estimates for Mohawk Industries’ FY2019 earnings at $17.50 EPS, FY2020 earnings at $18.85 EPS and FY2021 earnings at $19.70 EPS.

Several other equities research analysts have also commented on MHK. Zacks Investment Research lowered Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and set a $275.00 target price on shares of Mohawk Industries in a research report on Friday, October 27th. Nomura set a $300.00 price target on Mohawk Industries and gave the stock a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $270.00 price target on shares of Mohawk Industries in a report on Sunday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $300.00 price target (up previously from $291.00) on shares of Mohawk Industries in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $295.62.

Shares of Mohawk Industries (NYSE:MHK) traded up $1.38 during trading on Wednesday, hitting $252.66. The company had a trading volume of 152,637 shares, compared to its average volume of 717,954. Mohawk Industries has a 52 week low of $219.22 and a 52 week high of $286.85. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. The company has a market cap of $18,918.16, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26.

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

Hedge funds have recently bought and sold shares of the company. Standard Life Aberdeen plc increased its position in shares of Mohawk Industries by 5,674.0% during the fourth quarter. Standard Life Aberdeen plc now owns 895,139 shares of the company’s stock valued at $246,982,000 after acquiring an additional 879,636 shares during the last quarter. BlackRock Inc. increased its position in shares of Mohawk Industries by 10.4% during the fourth quarter. BlackRock Inc. now owns 5,046,157 shares of the company’s stock valued at $1,392,234,000 after acquiring an additional 477,056 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Mohawk Industries by 46.3% during the third quarter. Wells Fargo & Company MN now owns 872,767 shares of the company’s stock valued at $216,018,000 after acquiring an additional 276,409 shares during the last quarter. KAMES CAPITAL plc increased its position in shares of Mohawk Industries by 1,816.2% during the fourth quarter. KAMES CAPITAL plc now owns 215,529 shares of the company’s stock valued at $59,467,000 after acquiring an additional 204,281 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Mohawk Industries by 181.4% during the third quarter. Point72 Asset Management L.P. now owns 285,883 shares of the company’s stock valued at $70,759,000 after acquiring an additional 184,283 shares during the last quarter. Institutional investors 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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