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

Mohawk Industries (NYSE:MHK - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.85 per share and revenue of $2.53 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock traded up $1.33 on Thursday, hitting $127.27. 186,762 shares of the company were exchanged, compared to its average volume of 725,485. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $126.86 and a 200 day moving average price of $140.95. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.41. Mohawk Industries has a 1-year low of $101.83 and a 1-year high of $164.29.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a research note on Monday, October 28th. Wolfe Research raised 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. Truist Financial lowered their price target on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a report on Monday, October 28th. Robert W. Baird upgraded shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Barclays lowered their target price on shares of Mohawk Industries from $141.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $155.00.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the sale, the insider now directly owns 104,084 shares of the company's stock, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by corporate insiders.

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.