Equities analysts expect that Mohawk Industries, Inc. (NYSE:MHK) will announce $3.01 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Mohawk Industries’ earnings, with estimates ranging from $2.98 to $3.03. Mohawk Industries posted earnings of $2.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Mohawk Industries will report full-year earnings of $15.54 per share for the current year, with EPS estimates ranging from $14.80 to $16.00. For the next year, analysts expect that the company will report earnings of $17.14 per share, with EPS estimates ranging from $16.53 to $17.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Mohawk Industries.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.32 by $0.10. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.26 earnings per share.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $310.00 target price (up previously from $303.00) on shares of Mohawk Industries in a report on Monday, January 22nd. They noted that the move was a valuation call. Jefferies Group assumed coverage on Mohawk Industries in a report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 target price on the stock. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Barclays raised their target price on Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $295.62.
In other news, Director William Henry Runge III acquired 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average price of $250.87 per share, with a total value of $125,435.00. Following the acquisition, the director now directly owns 2,335 shares in the company, valued at approximately $585,781.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC acquired a new stake in shares of Mohawk Industries during the 4th quarter valued at $117,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mohawk Industries during the 4th quarter valued at $124,000. Cerebellum GP LLC acquired a new stake in shares of Mohawk Industries during the 4th quarter valued at $124,000. Calton & Associates Inc. acquired a new stake in shares of Mohawk Industries during the 4th quarter valued at $171,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Mohawk Industries during the 4th quarter valued at $174,000. 78.49% of the stock is currently owned by institutional investors.
Shares of Mohawk Industries (NYSE:MHK) opened at $249.76 on Friday. The stock has a market capitalization of $18,562.17, a P/E ratio of 18.35, a P/E/G ratio of 1.76 and a beta of 1.26. Mohawk Industries has a 12-month low of $219.22 and a 12-month high of $286.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53.
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About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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