Mohawk Industries (NYSE:MHK) Issues Quarterly Earnings Results

Mohawk Industries (NYSE:MHK - Get Free Report) issued its earnings results on Thursday. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.11, Zacks reports. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. Mohawk Industries updated its Q2 2025 guidance to 2.520-2.620 EPS.

Mohawk Industries Stock Down 1.7 %

MHK stock opened at $104.63 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The stock has a market capitalization of $6.54 billion, a P/E ratio of 12.87, a P/E/G ratio of 1.44 and a beta of 1.23. Mohawk Industries has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The business has a 50-day moving average of $110.16 and a 200-day moving average of $123.15.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on MHK. Raymond James reaffirmed a "strong-buy" rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Evercore ISI dropped their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group reduced their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, Bank of America reduced their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to 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.

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