Mohawk Industries (NYSE:MHK – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.770-1.870 for the period, compared to the consensus earnings per share estimate of 2.240. The company issued revenue guidance of -. Mohawk Industries also updated its Q4 guidance to $1.77-1.87 EPS.
Mohawk Industries Stock Down 13.8 %
Shares of MHK stock traded down $20.99 during midday trading on Friday, reaching $130.88. 3,194,482 shares of the stock were exchanged, compared to its average volume of 709,862. The firm has a market cap of $8.26 billion, a PE ratio of -24.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $154.86 and its two-hundred day moving average is $133.61. Mohawk Industries has a 1 year low of $76.02 and a 1 year high of $164.29.
Mohawk Industries (NYSE:MHK – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.01. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.71 billion. On average, equities research analysts predict that Mohawk Industries will post 9.98 EPS for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on MHK
Insider Activity at Mohawk Industries
In other news, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $162.78, for a total value of $122,898.90. Following the completion of the transaction, the vice president now owns 12,299 shares in the company, valued at approximately $2,002,031.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mohawk Industries news, VP Rodney David Patton sold 755 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $162.78, for a total value of $122,898.90. Following the completion of the sale, the vice president now owns 12,299 shares of the company’s stock, valued at $2,002,031.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,415 shares of company stock valued at $673,387. Insiders own 17.10% of the company’s stock.
Mohawk Industries Company Profile
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.
Read More
- Five stocks we like better than Mohawk Industries
- How to Use the MarketBeat Stock Screener
- Texas Roadhouse Stock Steering for New Highs This Year
- Transportation Stocks Investing
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Using the MarketBeat Stock Split Calculator
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.