With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. The 52-week range on MHK shows that it touched its highest point at $164.29 and its lowest point at $96.24 during that stretch. It currently has a 1-year price target of $127.31. Beta for the stock currently stands at 1.21.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MHK was down-trending over the past week, with a drop of -5.04%, but this was down by -3.07% over a month. Three-month performance dropped to -11.72% while six-month performance fell -26.11%. The stock lost -13.96% in the past year, while it has lost -14.11% so far this year. A look at the trailing 12-month EPS for MHK yields 7.65 with Next year EPS estimates of 10.74. For the next quarter, that number is 2.60. This implies an EPS growth rate of -5.60% for this year and 17.27% for next year. EPS is expected to grow by 7.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.60%.
Float and Shares Shorts:
At present, 62.50 million MHK shares are outstanding with a float of 50.87 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MHK since 9 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $9.7491 being high and $9.53976 being low. For MHK, this leads to a yearly average estimate of $9.60954. Based on analyst estimates, the high estimate for the next quarter is $3.11 and the low estimate is $2.42. The average estimate for the next quarter is thus $2.74.
