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

Mohawk Industries (NYSE:MHK) is scheduled to be posting 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 that wish to listen to the company’s earnings conference call can do so using this link.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Friday, February 9th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.10. Mohawk Industries had a positive return on equity of 7.52% and a negative net margin of 3.95%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business posted $1.32 EPS. The business’s revenue for the quarter 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 Trading Up 3.1 %

MHK opened at $113.37 on Wednesday. Mohawk Industries has a one year low of $76.02 and a one year high of $131.19. The company has a market cap of $7.22 billion, a P/E ratio of -16.39 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.97 and a current ratio of 1.78. The business’s 50-day simple moving average is $119.13 and its 200-day simple moving average is $102.52.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $119.51, for a total transaction of $185,360.01. Following the completion of the sale, the vice president now directly owns 15,321 shares of the company’s stock, valued at approximately $1,831,012.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.10% of the stock is owned by 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.