Q1 EPS Estimate for Mohawk Industries Raised by Analyst

Mohawk Industries, Inc. (NYSE:MHK) – Zacks Research increased their Q1 2025 EPS estimates for Mohawk Industries in a research note issued on Monday, April 28th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.39. The consensus estimate for Mohawk Industries’ current full-year earnings is $9.80 per share. Zacks Research also issued estimates for Mohawk Industries’ FY2025 earnings at $9.48 EPS, FY2026 earnings at $11.51 EPS and Q1 2027 earnings at $2.76 EPS.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS.

MHK has been the subject of a number of other research reports. Wells Fargo & Company dropped their target price on Mohawk Industries from $130.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Truist Financial dropped their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, February 10th. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Bank of America cut their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.57.

Mohawk Industries Trading Up 0.0 %

MHK opened at $106.35 on Wednesday. The stock has a 50-day moving average of $110.44 and a 200 day moving average of $123.53. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mohawk Industries has a 12 month low of $96.24 and a 12 month high of $164.29. The firm has a market cap of $6.65 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.44 and a beta of 1.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHK. Magnetar Financial LLC lifted its position in shares of Mohawk Industries by 353.1% in the 4th quarter. Magnetar Financial LLC now owns 39,108 shares of the company’s stock worth $4,659,000 after purchasing an additional 30,477 shares during the period. Sei Investments Co. raised its stake in Mohawk Industries by 46.3% in the fourth quarter. Sei Investments Co. now owns 91,586 shares of the company’s stock worth $10,911,000 after buying an additional 28,998 shares in the last quarter. Choreo LLC bought a new position in Mohawk Industries in the fourth quarter worth approximately $258,000. Townsend & Associates Inc lifted its holdings in Mohawk Industries by 1.2% during the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock worth $34,382,000 after buying an additional 3,078 shares during the period. Finally, Sciencast Management LP boosted its position in Mohawk Industries by 59.1% during the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company’s stock valued at $725,000 after acquiring an additional 2,262 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the sale, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.40% of the stock is owned by company insiders.

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.