Mohawk Industries (MHK) Projected to Post Earnings on Thursday

Mohawk Industries (NYSE:MHK - Get Free Report) will likely be announcing its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $2.63 per share and revenue of $2.76 billion for the quarter. Mohawk Industries has set its Q2 2025 guidance at 2.520-2.620 EPS.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. Mohawk Industries had a return on equity of 7.68% and a net margin of 4.54%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the business earned $1.86 earnings per share. The company's revenue was down 5.7% compared to the same quarter last year. 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 Trading Down 0.0%

MHK traded down $0.05 during midday trading on Friday, reaching $111.20. 600,238 shares of the company were exchanged, compared to its average volume of 765,920. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 2.01. Mohawk Industries has a one year low of $96.24 and a one year high of $164.29. The stock has a market capitalization of $6.95 billion, a P/E ratio of 14.55, a PEG ratio of 4.25 and a beta of 1.18. The stock's 50-day simple moving average is $105.25 and its 200 day simple moving average is $111.55.

Institutional Trading of Mohawk Industries

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Mohawk Industries during the 1st quarter worth $149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company's stock worth $22,148,000 after buying an additional 1,175 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Mohawk Industries by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company's stock worth $39,369,000 after buying an additional 42,655 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MHK shares. Deutsche Bank Aktiengesellschaft started coverage on Mohawk Industries in a report on Tuesday, April 1st. They set a "hold" rating and a $121.00 price objective on the stock. Royal Bank Of Canada cut their price objective on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Barclays cut their target price on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company boosted their target price on Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. cut their target price on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $140.71.

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.