Mohawk Industries Gets A Double Upgrade 'Despite Challenging Macro Backdrop'
Mohawk Industries Gets A Double Upgrade 'Despite Challenging Macro Backdrop'
Shares of Mohawk Industries Inc (NYSE:MHK) were climbing in early trading on Friday, after the company reported its second-quarter results.
莫霍克工业公司（NYSE:MHK）的股票在周五早盘上涨，此前该公司发布了其第二季度业绩报告。
The company appears poised for continued margin recovery and improving capital allocation, according to BofA Securities.
据美银证券称，该公司似乎有望在持续的利润恢复和改善资本配置方面表现出色。
The Mohawk Industries Analyst: Rafe Jadrosich upgraded the rating Mohawk Industries for from Underperform to Buy, while raising the price target from $120 to $177.
莫霍克工业分析师Rafe Jadrosich将莫霍克工业公司的评级从跑输行业提高为买入，并将目标价格从120美元上调至177美元。
The Mohawk Industries Thesis: The company reported second-quarter earnings $3.00 per share, beating the forecast of $2.73 per share, and guided to third-quarter earnings between $2.80 and $2.90 per share, higher than consensus of $2.71 per share, Jadrosich said in the upgrade note.
Jadrosich在升级报告中表示，公司汇报了每股3.00美元的第二季度收益，超过了每股2.73美元的预测，并指引第三季度收益在2.80美元至2.90美元之间，高于预估的每股2.71美元。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
"We are now more confident that margins will continue to improve despite the challenging macro backdrop," the analyst wrote. The company's margins in North America and the Global Ceramic segment are poised to expand, he added.
“尽管面临严峻的宏观形势，我们现在更加有信心利润率将继续改善，”分析师写道。他补充说，该公司在北美和全球陶瓷板块的利润率有望扩大。
While volumes may remain soft through 2024, "given weak consumer demand for high-ticket discretionary home improvement projects and low housing turnover," North America volumes could stabilize against easy comparisons, Jadrosich stated. "We think MHK's market share has stabilized after losing share to imported luxury vinyl tile (LVT) over the last 5-7 years," he further wrote.
Jadrosich表示，尽管销售量可能在2024年前持续走软，“由于高端家装项目的弱消费需求和低房屋交易量”，北美销售量可能稳定回升。他进一步写道：“我们认为，在过去5-7年中，MHK对进口豪华乙烯基瓷砖（LVT）的市场份额流失后，其市场份额已经稳定下来。”
MHK Price Action: Shares of Mohawk Industries had risen by 15.62% to $155.90 at the time of publication on Friday.
截至周五发布时，莫霍克工业公司的股价已上涨15.62%，至155.90美元。
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