Zacks Research Has Optimistic Outlook of MHK FY2026 Earnings

Key Points

• Zacks Research raised its FY2026 EPS estimate for Mohawk Industries to $9.81 from $8.77, close to the $9.90 consensus forecast, while maintaining a “Hold” rating.
• Mohawk’s latest quarterly results exceeded expectations, with EPS of $3.67 versus the $2.58 consensus and revenue of $2.99 billion versus $2.79 billion expected; revenue increased 6.8% year over year.
• Analyst sentiment remains cautious overall: the stock carries an average “Hold” rating and a $130.50 price target, while insiders sold approximately $15.1 million worth of shares over the past 90 days.

Mohawk Industries, Inc. (NYSE:MHK - Free Report) - Investment analysts at Zacks Research lifted their FY2026 earnings per share (EPS) estimates for shares of Mohawk Industries in a research report issued to clients and investors on Thursday, August 20th. Zacks Research analyst Team now expects that the company will post earnings per share of $9.81 for the year, up from their previous estimate of $8.77. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Mohawk Industries' current full-year earnings is $9.90 per share. Zacks Research also issued estimates for Mohawk Industries' Q4 2027 earnings at $2.22 EPS.

MHK has been the topic of a number of other reports. Royal Bank Of Canada raised their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a "sector perform" rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. Truist Financial upped their price target on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Sunday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $130.50.

Mohawk Industries Stock Up 0.2%

Shares of NYSE MHK opened at $136.47 on Monday. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.97 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Mohawk Industries has a 12 month low of $92.99 and a 12 month high of $143.13. The stock has a 50-day moving average price of $120.35 and a two-hundred day moving average price of $112.91.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $1.09. The company had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.Mohawk Industries's revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS.

Insider Buying and Selling at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of Mohawk Industries stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the transaction, the chief executive officer owned 10,000 shares in the company, valued at approximately $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the sale, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 120,882 shares of company stock worth $15,131,598. 17.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in shares of Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company's stock worth $2,224,000 after purchasing an additional 100 shares in the last quarter. Rexford Capital Inc. lifted its stake in shares of Mohawk Industries by 10.1% during the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company's stock valued at $119,000 after buying an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Mohawk Industries by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company's stock worth $560,000 after buying an additional 101 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Mohawk Industries by 7.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company's stock worth $171,000 after buying an additional 105 shares during the period. Finally, Elevation Wealth Partners LLC grew its stake in Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock valued at $27,000 after buying an additional 121 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

Key Headlines Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Zacks raised its EPS forecast for Q3 2026 to $2.53 from $2.47, Q2 2027 to $2.99 from $2.77, Q3 2027 to $2.79 from $2.78, and FY2027 to $9.85 from $9.70. These upward revisions suggest some improvement in analysts’ expectations for Mohawk’s medium-term earnings.
• Positive Sentiment: A Zacks analysis characterized Why Mohawk Industries Is a Top Value Stock for the Long-Term Mohawk as a potential long-term value stock, which may support investor interest following the company’s strong recent earnings performance.
• Neutral Sentiment: The estimate changes were mixed overall. Zacks lifted Q2 2028 EPS to $3.34 from $3.20, but maintained a “Hold” rating, indicating that the research firm sees limited near-term conviction despite some earnings upgrades.
• Negative Sentiment: Zacks reduced its forecasts for Q4 2026 EPS to $1.71 from $1.83, Q1 2027 to $1.85 from $1.91, Q1 2028 to $2.31 from $2.46, and FY2028 to $11.66 from $11.84. These cuts temper the longer-term outlook and could limit upside.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company's product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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