Mohawk Industries Inc. (NYSE: MHK) has reported E.P.S. of $2.57 for its third fiscal quarter (ending September 30) versus $-11.94 for the same period a year ago — a decline of -122%. For the latest four quarters through September 30, E.P.S. were $8.88 compared to $-8.57 a year ago — a decline of -204%.
Recent Price Action
Mohawk Industries Inc. (NYSE: MHK) stock closed at $151.87 on 10/24/24 after a slight gain of 0.1%. Moreover, trading volume in this advance was unusually high at 176% of normal. The stock has declined -5.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mohawk Industries has a neutral Appreciation Score of 56 but a very high Power Rating of 99, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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