Analysts See $3.33 EPS for Mohawk Industries, Inc. (MHK)

January 22, 2018 - By Ellis Scott

 Analysts See $3.33 EPS for Mohawk Industries, Inc. (MHK)
Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.01, from 1.09 in 2017Q2. It improved, as 27 investors sold Mohawk Industries, Inc. shares while 171 reduced holdings. 59 funds opened positions while 158 raised stakes. 55.82 million shares or 0.01% less from 55.83 million shares in 2017Q2 were reported.
12 were reported by Baldwin Brothers Inc Ma. Reilly Advsrs Lc owns 200 shares for 0.01% of their portfolio. 2,853 are owned by Nottingham. Hudock Capital Gp Limited Liability, Pennsylvania-based fund reported 143 shares. State Street has 2.62M shares for 0.06% of their portfolio. Saybrook Nc invested in 3.61% or 29,705 shares. Verition Fund Mgmt Limited Liability Company holds 0.1% or 5,258 shares in its portfolio. Moreover, State Of Wisconsin Board has 0.04% invested in Mohawk Industries, Inc. (NYSE:MHK) for 60,721 shares. Cibc Asset Mgmt Incorporated holds 0.01% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 6,401 shares. Mathes Inc holds 14,608 shares or 1.7% of its portfolio. Ruane Cunniff & Goldfarb invested in 1.38 million shares or 2.99% of the stock. Guggenheim Cap Limited Liability Co invested in 0.08% or 136,274 shares. Nuveen Asset Mngmt Ltd Limited Liability Company owns 82,584 shares. Envestnet Asset Inc holds 0% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 7,506 shares. Kj Harrison And Partners reported 0.1% stake.

Since August 11, 2017, it had 0 insider purchases, and 2 insider sales for $5.06 million activity. Patton Rodney David also sold $33,809 worth of Mohawk Industries, Inc. (NYSE:MHK) shares.

Analysts expect Mohawk Industries, Inc. (NYSE:MHK) to report $3.33 EPS on February, 8.They anticipate $0.07 EPS change or 2.15 % from last quarter’s $3.26 EPS. MHK’s profit would be $247.55M giving it 21.01 P/E if the $3.33 EPS is correct. After having $3.75 EPS previously, Mohawk Industries, Inc.’s analysts see -11.20 % EPS growth. The stock increased 0.24% or $0.67 during the last trading session, reaching $279.81. About 422,726 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since January 22, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Mohawk Industries, Inc. (NYSE:MHK) Ratings Coverage

Among 18 analysts covering Mohawk (NYSE:MHK), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Mohawk had 44 analyst reports since August 10, 2015 according to SRatingsIntel. Topeka Capital Markets initiated it with “Hold” rating and $185 target in Tuesday, May 24 report. Jefferies maintained the stock with “Buy” rating in Wednesday, January 17 report. Jefferies initiated Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, December 12 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 9. The firm has “Outperform” rating given on Tuesday, November 3 by Robert W. Baird. The firm has “Overweight” rating by Barclays Capital given on Thursday, April 7. The firm has “Outperform” rating given on Monday, December 5 by RBC Capital Markets. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Overweight” rating by Barclays Capital on Monday, October 30. RBC Capital Markets maintained it with “Buy” rating and $291.0 target in Monday, October 9 report. As per Wednesday, October 12, the company rating was upgraded by Bank of America.

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. The company has market cap of $20.80 billion. It operates through three divisions: Global Ceramic, Flooring North America , and Flooring Rest of the World (Flooring ROW). It has a 5.61 P/E ratio. The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products.

More important recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Prnewswire.com which released: “Mohawk Industries, Inc. le invita a su teleconferencia sobre el cuarto …” on January 10, 2018, also Prnewswire.com published article titled: “Mohawk Industries, Inc. Invites You to Join the Fourth Quarter 2017 Conference …”, Streetinsider.com published: “Form 5 MOHAWK INDUSTRIES INC For: Dec 31 Filed by: Carson Brian” on January 16, 2018. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) was released by: Gurufocus.com and their article: “KAMES CAPITAL plc Buys Constellation Brands Inc, Avery Dennison Corp, Mohawk …” with publication date: January 12, 2018.

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