Mohawk Industries (MHK) Set to Announce Quarterly Earnings on Thursday

Mohawk Industries (NYSE:MHK) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Mohawk Industries to post earnings of $1.69 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Friday, February 9th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.10. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $1.32 earnings per share. Mohawk Industries’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts expect Mohawk Industries to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $109.95 on Tuesday. Mohawk Industries has a twelve month low of $76.02 and a twelve month high of $131.19. The firm has a fifty day simple moving average of $119.13 and a 200 day simple moving average of $102.52. The company has a market capitalization of $7.00 billion, a PE ratio of -15.89 and a beta of 1.34. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

Insider Activity at Mohawk Industries

In related news, VP Rodney David Patton sold 1,551 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total transaction of $185,360.01. Following the transaction, the vice president now directly owns 15,321 shares of the company’s stock, valued at $1,831,012.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Mohawk Industries from $101.00 to $106.00 and gave the stock a “sector perform” rating in a report on Monday, February 12th. Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and lifted their price objective for the company from $98.00 to $152.00 in a report on Monday, February 12th. Truist Financial lifted their price objective on shares of Mohawk Industries from $98.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of Mohawk Industries from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $118.75.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.