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) announced its earnings results on Thursday, April, 27th. The company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. Mohawk Industries had a net margin of 10.65% and a return on equity of 16.88%. Mohawk Industries's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $2.38 earnings per share. View Mohawk Industries' Earnings History.

Mohawk Industries is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Mohawk Industries.

Mohawk Industries issued an update on its second quarter earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $3.53-3.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.72.

12 analysts have issued 12-month target prices for Mohawk Industries' shares. Their forecasts range from $235.00 to $280.00. On average, they anticipate Mohawk Industries' stock price to reach $261.00 in the next year. 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 outperformed the Zacks categorized Textile-Home Furnishing industry since the beginning of the year. Mohawk enjoys a leading position in the home furnishings industry, and its strategic acquisitions are encouraging. The U.S. housing market has shown some meaningful improvement in the recent times, which should boost demand. The company is currently exploring numerous investment options for expansion and acquisitions to broaden its geographic presence and product portfolio in order to boost its top line. However, patent income headwinds and wide-spread raw materials inflation raise concerns." (7/4/2017)
• 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)

Some companies that are related to Mohawk Industries include Electronic Arts (EA), Liberty Global PLC (LBTYA), Liberty Global PLC (LBTYK), Panasonic (PCRFY), DISH Network Corporation (DISH), CBS Corporation (CBS), Rogers Communication (RCI), Sirius XM Holdings (SIRI), Royal Caribbean Cruises (RCL), V.F. Corporation (VFC), Sky Plc (SKYAY), Hilton Worldwide Holdings (HLT), MGM Resorts International (MGM), Sharp Corp. (SHCAY), Liberty Broadband Corporation (LBRDK), Viacom (VIA), Liberty Broadband Corporation (LBRDA) 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 institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.44%), Atalanta Sosnoff Capital LLC (0.32%), AMF Pensionsforsakring AB (0.23%), Bank of Montreal Can (0.22%), Fenimore Asset Management Inc. (0.19%) and APG Asset Management N.V. (0.11%). 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 Vaughan Nelson Investment Management L.P., Russell Investments Group Ltd., Huntington National Bank, Bank of Montreal Can, Exxonmobil Investment Management Inc. TX, Cacti Asset Management LLC, CrestPoint Capital Management LLC and Nisa 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 bought by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Mathes Company Inc., First Citizens Bank & Trust Co., Mn Services Vermogensbeheer B.V., Hartford Investment Management Co., National Pension Service, Pennsylvania Trust Co and Aperio Group LLC. 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 $241.27.