These Analysts Increase Their Forecasts On Mohawk Industries After Q2 Results
These Analysts Increase Their Forecasts On Mohawk Industries After Q2 Results
Mohawk Industries, Inc. (NYSE:MHK) reported mixed second-quarter results, after the closing bell on Thursday.
纽交所的莫霍克工业公司(NYSE:MHK)在周四收盘后报告了交替的第二季度业绩。
Mohawk Industries reported quarterly earnings of $3.00 per share which beat the analyst consensus estimate of $2.75 per share. The company reported quarterly sales of $2.80 billion which missed the analyst consensus estimate of $2.83 billion, according to data from Benzinga Pro.
莫霍克工业公司报告了每股收益为3.00美元的季度盈利,超过了2.75美元的分析师一致预期。据Benzinga Pro的数据显示,该公司报告的季度销售额为28亿美元,低于28.3亿美元的分析师一致预期。
Chairman and CEO Jeff Lorberbaum stated, "Our performance in the quarter reflected our focus on the controllable factors of our business, including sales initiatives, cost containment and restructuring actions. Our adjusted earnings per share rose as a result of productivity initiatives and restructuring as well as lower energy and material costs, partially offset by market pressure on pricing, mix and foreign exchange headwinds. We generated free cash flow of approximately $142 million during the quarter, for a total of $239 million year to date. In the quarter, we purchased approximately 755 thousand shares, or 1.2%, of our stock for approximately $90 million."
董事长兼首席执行官Jeff Lorberbaum表示:“我们在本季度的业绩反映了我们关注我们业务可控性因素,包括销售举措、成本控制和重组行动。我们的调整后每股收益得益于生产力举措和重组以及能源和材料成本的下降,部分抵消了市场对定价、组合和外汇顺风顺水的压力。我们在本季度产生了约1.42亿美元的自由现金流,截至目前年初的自由现金流总额达2.39亿美元。在本季度,我们以约9千万美元的价格购买了约75.5万股,占我们股票的1.2%。”
Mohawk Industries shares gained 19.5% to close at $160.71on Friday.
莫霍克工业公司的股票在周五上涨了19.5%,收于160.71美元。
These analysts made changes to their price targets on Mohawk Industries following the announcement.
这些分析师在公告后对莫霍克工业公司的目标价进行了调整。
- Baird analyst Timothy Wojs maintained Mohawk Industries with a Neutral and raised the price target from $132 to $160.
- Truist Securities analyst Keith Hughes maintained the stock with a Buy rating, while raising the price target from $135 to $184.
- On Friday, B of A Securities analyst Rafe Jadrosich upgraded Mohawk Industries from Underperform to Buy and raised the price target from $120 to $177.
- Baird的分析师Timothy Wojs维持对莫霍克工业公司的中立评级,并将目标价从132美元上调至160美元。
- Truist Securities的分析师Keith Hughes维持对该股票的买入评级,同时将目标价从135美元上调至184美元。
- 亿和A证券的分析师Rafe Jadrosich在周五将莫霍克工业公司的评级由卖出上调至买入,并将其目标价从120美元上调至177美元。
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