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) released its earnings results on Thursday, July, 27th. The company reported $3.72 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.60 by $0.12. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.47 earnings per share. View Mohawk Industries' Earnings History.

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

11 brokerages have issued 1-year price targets for Mohawk Industries' shares. Their forecasts range from $235.00 to $291.00. On average, they expect Mohawk Industries' share price to reach $266.50 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 second-quarter earnings surpassed the Zacks Consensus Estimate by 3.1% while revenues missed the same by 0.4%. Earnings also increased 7% year over year. Revenues rose 6% year over year on higher sales across all segments. Adjusted gross profit increased 5.7% year over year and adjusted operating income rose 6.9% in the quarter. Adjusted selling, general and administrative expenses contracted 4.7% from the prior-year quarter. Mohawk completed the acquisitions of two small ceramic manufactures to expand its European platform and two U.S. material manufacturing operations to enhance the vertical integration of its business. The company is on track to explore numerous investment options for expansion and acquisitions to broaden its geographic presence and product portfolio. However, currency headwinds continue to impede growth." (8/2/2017)
• 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), Carnival Corporation (CCL), Panasonic (PCRFY), Liberty Global PLC (LBTYA), Rogers Communication (RCI), Liberty Global PLC (LBTYK), Royal Caribbean Cruises (RCL), Sirius XM Holdings (SIRI), DISH Network Corporation (DISH), V.F. Corporation (VFC), CBS Corporation (CBS), Sky Plc (SKYAY), MGM Resorts International (MGM), Liberty Broadband Corporation (LBRDA), TAL Education Group (TAL), Sharp Corp. (SHCAY), Wynn Resorts, Limited (WYNN) and Viacom (VIA).

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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.32%), JPMorgan Chase & Co. (6.77%), BlackRock Inc. (6.16%), FMR LLC (3.76%), State Street Corp (3.67%) and Principal Financial Group Inc. (1.63%). 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 Egerton Capital UK LLP, Ameriprise Financial Inc., Wedge Capital Management L L P NC, TIAA CREF Investment Management LLC, Third Point LLC, Conatus Capital Management LP, State Street Corp and Columbus Circle Investors. 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 Harbour Capital Advisors LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, BlackRock Inc., American Century Companies Inc., Vanguard Group Inc., Jennison Associates LLC and Newbrook Capital Advisors LP. 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 $256.00.