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

Mohawk Industries (NYSE:MHK - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Thursday, May 1st. Analysts expect Mohawk Industries to post earnings of $1.41 per share and revenue of $2.56 billion for the quarter. Mohawk Industries has set its Q1 2025 guidance at 1.340-1.440 EPS.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. On average, analysts expect Mohawk Industries to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Mohawk Industries Stock Performance

Shares of MHK opened at $105.54 on Thursday. The firm's 50 day moving average price is $111.75 and its two-hundred day moving average price is $125.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries has a twelve month low of $96.24 and a twelve month high of $164.29. The firm has a market cap of $6.60 billion, a P/E ratio of 12.98, a PEG ratio of 1.44 and a beta of 1.23.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 17.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MHK shares. Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. 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 research report on Monday, February 10th. Evercore ISI reduced their price target on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Finally, Robert W. Baird decreased their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average target price of $142.57.

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.

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