Brokerages forecast that Mohawk Industries, Inc. (NYSE:MHK) will report earnings per share of $2.11 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Mohawk Industries’ earnings, with the lowest EPS estimate coming in at $2.04 and the highest estimate coming in at $2.37. Mohawk Industries reported earnings of $3.01 per share during the same quarter last year, which would suggest a negative year over year growth rate of 29.9%. The business is scheduled to report its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Mohawk Industries will report full year earnings of $11.24 per share for the current year, with EPS estimates ranging from $10.15 to $11.68. For the next fiscal year, analysts anticipate that the firm will post earnings of $12.33 per share, with EPS estimates ranging from $11.12 to $13.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Mohawk Industries.
Get Mohawk Industries alerts:Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 7th. The company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.49 by $0.04. Mohawk Industries had a net margin of 8.63% and a return on equity of 12.40%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the company earned $3.42 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Loop Capital boosted their price target on shares of Mohawk Industries to $126.00 and gave the company an “underperform” rating in a research note on Friday, February 8th. SunTrust Banks boosted their price target on shares of Mohawk Industries to $150.00 and gave the company a “buy” rating in a research note on Monday, February 11th. They noted that the move was a valuation call. Credit Suisse Group set a $125.00 price target on shares of Mohawk Industries and gave the company a “hold” rating in a research note on Tuesday, November 13th. Finally, Buckingham Research started coverage on shares of Mohawk Industries in a research note on Friday, February 1st. They issued an “underperform” rating and a $116.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $168.94.
Shares of NYSE MHK traded up $1.03 during midday trading on Monday, reaching $133.11. The stock had a trading volume of 501,602 shares, compared to its average volume of 1,056,951. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.68 and a current ratio of 1.38. Mohawk Industries has a twelve month low of $109.35 and a twelve month high of $253.55. The company has a market capitalization of $9.80 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49.
In related news, insider Suzanne L. Helen sold 14,247 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $140.43, for a total transaction of $2,000,706.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Filip Balcaen purchased 52,546 shares of Mohawk Industries stock in a transaction that occurred on Thursday, December 13th. The shares were bought at an average price of $118.86 per share, with a total value of $6,245,617.56. Following the transaction, the director now owns 776 shares of the company’s stock, valued at approximately $92,235.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 104,946 shares of company stock valued at $12,414,984. 16.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MHK. Lindbrook Capital LLC purchased a new stake in Mohawk Industries during the fourth quarter valued at about $34,000. CSat Investment Advisory L.P. lifted its holdings in Mohawk Industries by 222.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 293 shares of the company’s stock valued at $34,000 after purchasing an additional 202 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Mohawk Industries by 123.4% during the fourth quarter. Parallel Advisors LLC now owns 353 shares of the company’s stock valued at $41,000 after purchasing an additional 195 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Mohawk Industries by 66.1% during the fourth quarter. CENTRAL TRUST Co now owns 407 shares of the company’s stock valued at $48,000 after purchasing an additional 162 shares during the last quarter. Finally, Patten Group Inc. lifted its holdings in Mohawk Industries by 350.9% during the fourth quarter. Patten Group Inc. now owns 514 shares of the company’s stock valued at $60,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 78.60% of the company’s stock.
Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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