Earnings and a Bullish Upgrade Sent This Flooring Company's Stock Flying [Yahoo! Finance]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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mohawkind.com/corporateiroverview.aspx
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Source: Yahoo! Finance
Meanwhile, Bank of America analysts upgraded the stock to "buy" from "underperform," lifting their share-price target. The stock jumped Friday, pulling its year-to-date gain above 50%. Shares of Mohawk Industries ( MHK ) surged Friday after the company reported second-quarter financial results — and got a bullish pat on the back from analysts at Bank of America. Mohawk's stock, which rose nearly 20% on Friday, jumped after the flooring manufacturer reported second-quarter EPS of $2.46 and net sales of $2.8 billion, in line with analysts' expectations, per Visible Alpha. The shares also got a big upgrade from the Bank of America analysts, who lifted their rating to "buy" from "underperform," and raised their price target to $177 from $120. That's a more than 31% premium over the company's Thursday closing price. The company is poised to benefit from a recovery in the global ceramic sector, the analysts wrote Friday. “We are now more confident that margins will continue to im
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MHK
News
- Mohawk Industries Names Mauro Vandini President – Global Ceramic Segment [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Mohawk Industries Names Mauro Vandini President – Global Ceramic SegmentGlobeNewswire
- Ceramic Tiles Market Forecast Report 2024-2030 - A $228.3 Billion Global Opportunity - Introduction of 3D Tiles and Digital Printing Technologies Present Business Opportunities [Yahoo! Finance]Yahoo! Finance
- Mohawk Jumps 28% in Past 3 Months: How Should You Play the Stock? [Yahoo! Finance]Yahoo! Finance
- Business People: Andersen names George Bandy to lead sustainability efforts [Yahoo! Finance]Yahoo! Finance
MHK
Earnings
- 7/25/24 - Beat
MHK
Sec Filings
- 9/5/24 - Form 8-K
- 8/27/24 - Form 4
- 8/23/24 - Form 144
- MHK's page on the SEC website