For its second fiscal quarter (ending June 30), Mohawk Industries Inc. (NYSE: MHK) has reported a 55% increase in E.P.S. from $1.59 a year ago to $2.47 in the current quarter. However, this performance was $-0.28 short of the consensus estimate of $2.75. For the latest four quarters through June 30, E.P.S. were $-5.63 versus $-5.02 for the same period a year ago.
Recent Price Action
On 7/25/24, Mohawk Industries Inc. (NYSE: MHK) stock enjoyed a very large increase of 5.8%, closing at $134.50. Moreover, exceptionally high trading volume at 203% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MHK is expected to continue to be an important Value Builder.
Mohawk Industries has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Mohawk Industries has a slightly positive Appreciation Score of 63 and a very high Power Rating of 87, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment