Mohawk Industries Company Profile (NYSE:MHK)

Mohawk Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MHK."

Mohawk Industries, Inc. (NYSE:MHK) posted its quarterly earnings results on Thursday, July, 27th. The company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.12. The company earned $2.45 billion during the quarter, compared to analysts' expectations of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. Mohawk Industries's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.47 EPS. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Mohawk Industries.

Mohawk Industries issued an update on its third quarter earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $3.70-3.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.74.

11 equities research analysts have issued 12-month price objectives for Mohawk Industries' shares. Their predictions range from $235.00 to $295.00. On average, they expect Mohawk Industries' share price to reach $274.10 in the next twelve months. View Analyst Ratings for Mohawk Industries.

Here are some recent quotes from research analysts about Mohawk Industries stock:

• 1. According to Zacks Investment Research, "Mohawk’s shares have underperformed its industry in the last six months.  Earnings estimate for the current quarter and year have also declined by 0.5% and 0.1% respectively, over the last 30 days. Currency translation is a major concern as Mohawk generates almost one-third of its revenues from customers outside the United States. Currency headwinds hurt sales in 2016 by $69 million and in 2015 by $490 million. Despite the fact that the unfavorable currency impact has lessened, and is expected to improve through the rest of 2017, the net impact of currency headwinds still remains significant. Though, the company is currently exploring numerous investment options for expansion, including Greenfield opportunities and acquisitions to broaden its geographic presence and product portfolio, we await better visibility." (10/10/2017)
• 2. Barclays PLC analysts commented, "Not just a margin and M&A story anymore as investments drive sustainable reacceleration in organic growth: We are lifting estimates and raising our price target to $272 after taking a closer look at MHK's significant recent growth investments. Our 2018 sales/EPS estimates are now 3% above the Street. Historically, we've viewed MHK as a margin story with sustainable productivitydriven margin improvement and strong M&A capabilities. However, we now see an important transition underway with these investments driving a reacceleration in organic growth to levels amongst the highest in our large-cap coverage, while still supporting best-in-class profitability and leaving the balance sheet strong. This creates a story which should hold broader appeal across both growth and value investors. Reiterate Overweight and Top Pick. Raising 2018/2019 estimates on stronger revenue growth and better productivity: We now estimate '18/'19 revenue of $10.12/$10.65 bn (prior $9.98/$10.33 bn) and adj. EPS of $14.72/$16.25 (prior $14.45/$15.46). We've adjusted '17 estimates lower due entirely to a shift in timing in reduced patent revenues/earnings into '17 from '18." (3/20/2017)
• 3. Stifel Nicolaus analysts commented, "In many ways, we view the 2017 outlook as a very typical year for Mohawk, which should demonstrate the company's ability to continue to drive margin expansion despite certain start-up expenses and the expected loss of IP earnings. Overall, management is expecting $100+ million of EBIT headwind in 2017, but as the company has over the years, there should be productivity gains, mix enhancements, and volume growth with acquisition growth to drive earnings. We are increasing our EBITDA estimate and target price, which is now $255, based on 12x our 2017 EBITDA estimate." (2/13/2017)

Mohawk Industries saw a drop in short interest in September. As of September 29th, there was short interest totalling 628,479 shares, a drop of 33.6% from the September 15th total of 946,946 shares. Based on an average daily trading volume, of 581,628 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are short sold.

Some companies that are related to Mohawk Industries include Sands China (SCHYY), Electronic Arts (EA), Panasonic (PCRFY), Rogers Communication (RCI), Sirius XM Holdings (SIRI), Liberty Global PLC (LBTYA), Royal Caribbean Cruises (RCL), V.F. Corporation (VFC), Liberty Global PLC (LBTYK), CBS Corporation (CBS), DISH Network Corporation (DISH), Hilton Worldwide Holdings (HLT), Sky Plc (SKYAY), MGM Resorts International (MGM), Liberty Broadband Corporation (LBRDK), Liberty Broadband Corporation (LBRDA), TAL Education Group (TAL) and Wynn Resorts, Limited (WYNN).

Mohawk Industries' management team includes the folowing people:

• Jeffrey S. Lorberbaum, Chairman of the Board, Chief Executive Officer
• William Christopher Wellborn, President, Chief Operating Officer, Director
• Frank H. Boykin, Chief Financial Officer, Vice President - Finance
• Brian M. Carson, President - Mohawk Flooring Business Unit
• Bernard P. Thiers, President - Unilin
• John C. Turner Jr., President - Dal-Tile Business Unit
• James F. Brunk, Chief Accounting Officer, Corporate Controller
• R. David Patton, Vice President - Business Strategy, General Counsel, Secretary
• Frans G. De Cock, Director
• Filip Balcaen, Independent Director

Mohawk Industries' stock is owned by a number of of retail and institutional investors. Top institutional investors include LORBERBAUM JEFFREY S (13.10%), APG Asset Management N.V. (0.12%), PGGM Investments (0.09%), Assenagon Asset Management S.A. (0.05%), State Treasurer State of Michigan (0.03%) and SeaBridge Investment Advisors LLC (0.02%). Company insiders that own Mohawk Industries stock include Bernard Thiers, Brian Carson, Chistopher Wellborn, Cock Frans Georges De, Frank H Boykin, James Brunk, Jeffrey S Lorberbaum, John C Turner Jr, Rodney David Patton and Suzanne L Helen. View Institutional Ownership Trends for Mohawk Industries.

Mohawk Industries' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Oakbrook Investments LLC, Cacti Asset Management LLC, Mutual of America Capital Management LLC and SeaBridge Investment Advisors LLC. Company insiders that have sold Mohawk Industries stock in the last year include Bernard Thiers, Brian Carson, Chistopher Wellborn, Cock Frans Georges De, Frank H Boykin, James Brunk, Jeffrey S Lorberbaum, John C Turner Jr, Rodney David Patton and Suzanne L Helen. View Insider Buying and Selling for Mohawk Industries.

Mohawk Industries' stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Assenagon Asset Management S.A., Shell Asset Management Co., Quantitative Systematic Strategies LLC, APG Asset Management N.V., Sumitomo Life Insurance Co., Carnick & Kubik Group LLC and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Mohawk Industries.

Shares of Mohawk Industries can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Mohawk Industries stock can currently be purchased for approximately $264.52.