Mohawk Industries (MHK) Expected to Announce Earnings on Thursday

Mohawk Industries (NYSE:MHK - Get Free Report) is expected to release its Q1 2025 earnings data 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 posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (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

NYSE MHK traded up $0.29 during trading hours on Tuesday, hitting $107.06. 1,019,632 shares of the stock were exchanged, compared to its average volume of 736,210. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Mohawk Industries has a 12-month low of $96.24 and a 12-month high of $164.29. The stock has a 50-day moving average of $110.81 and a 200 day moving average of $124.01. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.

Insider Transactions at Mohawk Industries

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

Analyst Ratings Changes

Several research firms recently issued reports on MHK. Barclays cut their price target on shares of Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird cut their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. StockNews.com raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a report on Friday. Raymond James reaffirmed a "strong-buy" rating and issued a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Finally, 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 report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.57.

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.