124.23 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||124.25 x 1000|
|Ask||124.30 x 1100|
|Day's Range||122.55 - 124.99|
|52 Week Range||108.93 - 188.87|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||2.49|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Mohawk Industries (MHK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Although competition remains intense in the flooring industry and the demand outlook continues to deteriorate, the pullback in Mohawk Industries, Inc’s (NYSE: MHK ) shares since July have rendered the ...
Many investors define successful investing as beating the market average over the long term. But the risk of stock...
Mohawk Industries, Inc. (NYSE: MHK ) faces intensifying competition despite softening demand in its end markets, and this could lead to production curtailments and inventory corrections, according to Wells ...
Today we'll evaluate Mohawk Industries, Inc. (NYSE:MHK) to determine whether it could have potential as an investment...
Shares of Mohawk Industries Inc. tumbled 17% in active afternoon trading Friday, enough to make them the biggest decliner listed on the NYSE, after the flooring maker reported a second-quarter profit that beat expectations but revenue that missed, and provided a downbeat third-quarter outlook. Trading volume increased to 3.3 million shares, above the full-day average of about 605,000 shares. The company reported late Thursday net income that rose to $202.4 million, or $2.79 a share, from $196.6 million, or $2.62 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS was $2.89, above the FactSet consensus of $2.87. Sales increased 0.3% to $2.58 billion, below the FactSet consensus of $2.65 billion, as global ceramic and flooring North America sales missed expectations while flooring rest-of-the-world sales topped expectations. Within ceramic, the company said lower demand and pre-tariff purchases have created excess inventory in the market, which is hurting sales and margins. For the third quarter, the company said it expects adjusted EPS of $2.58 to $2.68, compared with the current FactSet consensus of $3.01. Mohawk's stock has gained 10.8% year to date, while the S&P 500 has advanced 20.7%.
Leggett's (LEG) second-quarter 2019 earnings are likely to benefit from long-term strategic growth plan and acquisition strategy. Yet, soft demand and higher costs may hurt its upcoming results.
Mohawk Industries (MHK) delivered earnings and revenue surprises of 0.70% and -2.07%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Mohawk Industries Inc. fell more than 12% in the extended session Thursday after the maker of flooring products posted stagnant second-quarter sales and said its business environment will remain "difficult." Mohawk said it earned $202 million, or $2.79 a share, in the quarter, compared with $197 million, or $2.62 a share, in the year-ago period. Adjusted for one-time items, Mohawk earned $210 million, or $2.89 a share, compared with $3.51 a share a year ago. Sales were flat at $2.6 billion. Analysts polled by FactSet had expected adjusted earnings of $2.87 a share on sales of $2.7 billion. "The U.S. dollar strengthened compared to the prior year, reducing our translated results for the quarter by approximately $9 million. Most markets we operate in remain soft, with pressure on volume and pricing, and we anticipate the environment to remain difficult," Chief Executive Jeffrey S. Lorberbaum said in a statement.
Tepid demand trend in North America, input cost inflation, higher transportation expenses, a stronger dollar & increased start-up costs will likely affect Mohawk Industries' (MHJK) Q2 earnings.
The market managed to snap out of a two-day funk before it raced out of control, with the S&P 500 logging a gain of 0.36% on Thursday. Nevertheless, the volume behind the move was modest, and the weight of the gains since early June are still bearing down.Source: Shutterstock The gain took shape despite Netflix (NASDAQ:NFLX), which fell 11% after last quarter's subscriber growth fell well short of estimates. Helping keep stocks in the black despite Netflix's stumble, above others, were International Business Machines (NYSE:IBM) and Philip Morris International (NYSE:PM). Shares of Big Blue improved more than 4% following its second quarter earnings beat, and the cigarette company's stock jumped more than 8% after it crushed its Q2 outlooks.It's the stock charts of eBay (NASDAQ:EBAY), Intel (NASDAQ:INTC) and Mohawk Industries (NYSE:MHK) that offer the most promising trade prospects as the week comes to a close, however. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)It would be easy to give up on Intel here, after the reversal that began to take shape in late May seems to have stalled. It's too soon to throw in the towel just yet, though. INTC stock has found support right where it needed to most, and may only simply be preparing its next move. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If such an effort is brewing and manages to take hold, however, there's a fair amount of upside that could actually be captured in a short period of time. Click to Enlarge• The support in question was offered by the critical 200-day moving average line, plotted in white on both stock charts. This week, it's kept Intel from sinking any lower (highlighted).• That support, however, will mean nothing until INTC stock moves above the gray 100-day moving average line, which more or less coincides with a handful of highs around the $50.50 level.• The long-term pattern favors a move above current levels. Pushing up and off of a support level that now tags all the key lows since the beginning of 2018, plotted in red on both stock charts, a move to the $58 area would repeat and complete the pattern.• Still, there's a decided lack of volume behind the bullish effort thus far. Mohawk Industries (MHK)At the beginning of this month Mohawk Industries was pegged as a good breakout candidate. Though the thrust from June had rolled over, it found a technical floor at the idea spot and turned high again. The move underscored a much bigger upside effort that started to take shape late last year.MHK has knocked over another impasse in the meantime. The technical ceiling that capped the early July gain where June's peak was to be found has been hurdled as well. The backdrop isn't too shabby either. Click to Enlarge• The technical ceiling in question is $153.50, plotted in blue on both stock charts, marking where Mohawk made its last two highs.• Though hardly above average, the volume that had been missing since the late-June bounce is finally starting to take shape.• The rebound from last year's miserable pullback puts that weakness well into the rearview mirror, but also leaves no clear technical ceiling. Last July's high near $228 is the next most plausible resistance. eBay (EBAY)The initial reaction to Wednesday's post-close earnings report from eBay was extreme bullishness, unwinding a sizeable (even if not earth-shattering) setback suffered during Wednesday's regular hours action. It looked like the pause since mid-June was going to give way to a new rally.Thursday's bullishness faded quickly though, and in a big way. While EBAY stock still ended the day with a gain, it ended the day well below the highs, and the stage is set for much more weakness with even just the slightest of slipups. Click to Enlarge• Tall bars made on high volume often indicate pivot points. In this case two consecutive tall bars on volume surges suggest that the profit-takers were and are tearing in, and were planning to do so no matter what.• Zooming out to the weekly chart, we can see that the last overbought condition that coincided with a pullback from a tall weekly bar from early 2018 turned out to be a major pivot point as well.• The key here is the $38.84 area, marked in yellow on the daily chart. That's where eBay shares made a low on Wednesday, but also in late June. A move under that level could prove problematic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Big Stock Charts for Friday: eBay, Intel and Mohawk Industries appeared first on InvestorPlace.
Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.