Mohawk Industries (MHK) has had a noteworthy series of events exciting much market discussion. The firm has had several notable acquisitions and new entrants in its managerial depth;
Mauro Vandini was appointed the
President of the Global Ceramic Segment and
Alexandre Munhoz was named the VP of Finance. It underwent mass selloff by insiders, with one selling $347k worth of stock. Trading trends have fluctuated, with the stock price experiencing periods of both under and over performance. MHK's
Q1 earnings outperformed sales targets but the Q2 earnings saw an EPS miss. However, it's Q2 performance, having
EPS of $2.46 which missed estimates, saw its stock rally as its
flooring-products segment earned an upgrade. Despite challenging macroeconomic conditions, the company received a
double upgrade. Analysts' forecasts have generally improved post the Q2 results, which could suggest a bullish market sentiment. In the long-term, MHK is considered a
strong value stock. However, it's suggested that the company may be over-leveraging with too much debt.
Mohawk Industries MHK News Analytics from Sat, 22 Feb 2014 08:00:00 GMT to Sun, 22 Sep 2024 15:04:50 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor -1
