Mohawk Industries (NYSE:MHK) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Key Points

• Mohawk Industries reported a quarterly earnings of $2.77 EPS, exceeding estimates by $0.15 and generating revenues of $2.80 billion, surpassing forecasts of $2.76 billion.
• The company updated its Q3 2025 earnings guidance to a range of $2.560-$2.660 EPS, indicating a focus on future financial performance.
• Mohawk Industries' stock has seen a trading increase of 4.3%, reaching $121.03, with a market cap of $7.57 billion.

Mohawk Industries (NYSE:MHK - Get Free Report) issued its earnings results on Thursday. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.62 by $0.15, Zacks reports. The company had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.42%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 EPS. Mohawk Industries updated its Q3 2025 guidance to 2.560-2.660 EPS.

Mohawk Industries Trading Up 4.3%

NYSE MHK traded up $5.03 during mid-day trading on Friday, reaching $121.03. 2,289,864 shares of the stock were exchanged, compared to its average volume of 745,594. The stock has a market cap of $7.57 billion, a P/E ratio of 16.09, a P/E/G ratio of 4.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.01 and a quick ratio of 1.13. Mohawk Industries has a one year low of $96.24 and a one year high of $164.29. The stock has a 50 day simple moving average of $106.00 and a 200-day simple moving average of $111.43.

Wall Street Analysts Forecast Growth

MHK has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price for the company. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Barclays lowered their price objective on shares of Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Royal Bank Of Canada lowered their price objective on shares of Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $140.71.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of MHK. Goldman Sachs Group Inc. boosted its stake in Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company's stock worth $39,369,000 after acquiring an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Mohawk Industries by 0.6% during the first 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 acquiring an additional 1,175 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Mohawk Industries during the first quarter worth $149,000. Institutional investors and hedge funds own 78.98% of the company's stock.

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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