$3.40 EPS Expected for Mohawk Industries, Inc. (NYSE:MHK) This Quarter

Wall Street analysts forecast that Mohawk Industries, Inc. (NYSE:MHKGet Rating) will report earnings of $3.40 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Mohawk Industries’ earnings, with the highest EPS estimate coming in at $3.73 and the lowest estimate coming in at $3.15. Mohawk Industries posted earnings of $4.45 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.6%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Mohawk Industries will report full year earnings of $13.63 per share for the current year, with EPS estimates ranging from $12.16 to $14.40. For the next financial year, analysts expect that the firm will post earnings of $15.45 per share, with EPS estimates ranging from $14.03 to $16.55. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Mohawk Industries.

Mohawk Industries (NYSE:MHKGet Rating) last posted its earnings results on Thursday, April 28th. The company reported $3.78 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.85. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.85 billion. Mohawk Industries had a net margin of 9.22% and a return on equity of 11.93%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.49 EPS.

A number of equities research analysts recently issued reports on MHK shares. UBS Group dropped their price target on shares of Mohawk Industries from $180.00 to $162.00 in a research note on Monday, February 14th. Truist Financial dropped their price target on shares of Mohawk Industries from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, March 30th. Loop Capital dropped their price target on shares of Mohawk Industries from $165.00 to $130.00 in a research note on Tuesday, April 12th. JPMorgan Chase & Co. dropped their price target on shares of Mohawk Industries from $140.00 to $127.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 20th. Finally, Robert W. Baird dropped their price target on shares of Mohawk Industries from $200.00 to $188.00 in a research note on Monday, February 14th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Hold” and an average price target of $167.00.

Mohawk Industries stock traded up $10.28 during trading on Friday, reaching $141.06. The company had a trading volume of 2,604,528 shares, compared to its average volume of 550,566. The firm’s 50-day simple moving average is $132.23 and its 200 day simple moving average is $157.79. Mohawk Industries has a 1-year low of $117.56 and a 1-year high of $231.80. The firm has a market capitalization of $8.96 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 6.04 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 1.78.

In related news, VP Rodney David Patton sold 506 shares of the company’s stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $144.76, for a total value of $73,248.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Chistopher Wellborn acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was purchased at an average cost of $135.76 per share, with a total value of $1,357,600.00. The disclosure for this purchase can be found here. 18.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MHK. Norges Bank acquired a new position in Mohawk Industries in the fourth quarter valued at about $101,576,000. JPMorgan Chase & Co. lifted its position in Mohawk Industries by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 2,205,477 shares of the company’s stock valued at $401,791,000 after buying an additional 338,782 shares during the last quarter. American Century Companies Inc. lifted its position in Mohawk Industries by 205.0% in the fourth quarter. American Century Companies Inc. now owns 458,922 shares of the company’s stock valued at $83,606,000 after buying an additional 308,463 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Mohawk Industries by 2,665.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 267,604 shares of the company’s stock valued at $37,720,000 after buying an additional 257,926 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Mohawk Industries by 7.0% during the third quarter. Boston Partners now owns 3,419,051 shares of the company’s stock worth $606,661,000 after purchasing an additional 222,227 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.

Mohawk Industries Company Profile (Get Rating)

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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