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NYSE:MHK - Mohawk Industries Stock Price, Forecast & News

$76.24
-3.91 (-4.88 %)
(As of 04/1/2020 09:27 AM ET)
Today's Range
$75.95
Now: $76.24
$79.62
50-Day Range
$58.66
MA: $109.02
$137.98
52-Week Range
$56.62
Now: $76.24
$156.60
Volume1.01 million shs
Average Volume1.23 million shs
Market Capitalization$5.46 billion
P/E Ratio7.41
Dividend YieldN/A
Beta1.27
Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles, and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, Quick-Step, and SmartStrand brands. The Flooring ROW segment provides hardwood flooring and vinyl flooring, as well as roofing elements, insulation boards, and chipboards products under the Balterio, Feltex, Godfrey Hirst, Hycraft, Itec, IVC, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses patents related to flooring manufacturers. The company sells its products through independent distributors, home centers, company-operated service centers and stores, floor covering retailers, ceramic specialists, commercial contractors, commercial end users, mass merchandisers, department stores, e-commerce retailers, shop at home, buying groups, retailers, and wholesalers, as well as private labeling programs. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia.
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Industry, Sector and Symbol

Industry Carpets & rugs
Sub-IndustryHome Furnishings
SectorConsumer Discretionary
CUSIP60819010
Phone706-629-7721

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.97 billion
Cash Flow$18.07 per share
Book Value$113.46 per share

Profitability

Net Income$744.21 million

Miscellaneous

Employees41,800
Market Cap$5.46 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Mohawk Industries (NYSE:MHK) Frequently Asked Questions

How has Mohawk Industries' stock been impacted by COVID-19 (Coronavirus)?

Mohawk Industries' stock was trading at $108.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MHK stock has decreased by 29.7% and is now trading at $76.24. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mohawk Industries?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mohawk Industries in the last year. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Mohawk Industries.

When is Mohawk Industries' next earnings date?

Mohawk Industries is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Mohawk Industries.

How were Mohawk Industries' earnings last quarter?

Mohawk Industries, Inc. (NYSE:MHK) announced its quarterly earnings results on Thursday, February, 13th. The company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.05. The company earned $2.42 billion during the quarter, compared to analyst estimates of $2.42 billion. Mohawk Industries had a return on equity of 9.27% and a net margin of 7.46%. The business's revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.53 EPS. View Mohawk Industries' earnings history.

How will Mohawk Industries' stock buyback program work?

Mohawk Industries declared that its board has approved a stock buyback plan on Thursday, October 25th 2018, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board believes its stock is undervalued.

What guidance has Mohawk Industries issued on next quarter's earnings?

Mohawk Industries issued an update on its first quarter earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.08.

What price target have analysts set for MHK?

14 equities research analysts have issued 1-year target prices for Mohawk Industries' stock. Their forecasts range from $84.00 to $168.00. On average, they expect Mohawk Industries' stock price to reach $135.50 in the next twelve months. This suggests a possible upside of 77.7% from the stock's current price. View analysts' price targets for Mohawk Industries.

Has Mohawk Industries been receiving favorable news coverage?

Headlines about MHK stock have been trending very negative on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mohawk Industries earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutMohawk Industries.

Are investors shorting Mohawk Industries?

Mohawk Industries saw a drop in short interest in March. As of March 13th, there was short interest totaling 2,922,800 shares, a drop of 17.7% from the February 27th total of 3,550,000 shares. Based on an average trading volume of 705,400 shares, the short-interest ratio is presently 4.1 days. Currently, 5.1% of the shares of the stock are sold short. View Mohawk Industries' Current Options Chain.

Who are some of Mohawk Industries' key competitors?

What other stocks do shareholders of Mohawk Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mohawk Industries investors own include Alibaba Group (BABA), Broadcom (AVGO), Netflix (NFLX), Home Depot (HD), AbbVie (ABBV), Gilead Sciences (GILD), NVIDIA (NVDA), CVS Health (CVS), Lockheed Martin (LMT) and Tesla (TSLA).

Who are Mohawk Industries' key executives?

Mohawk Industries' management team includes the following people:
  • Mr. Jeffrey S. Lorberbaum, Chairman & CEO (Age 64)
  • Mr. William Christopher Wellborn, Pres, COO & Director (Age 63)
  • Mr. Bernard P. Thiers, Pres of Unilin - Flooring Rest of World (Age 63)
  • Mr. Frank H. Boykin, Sr. Consultant (Age 64)
  • Mr. Glenn Rodney Landau, Exec. VP & CFO (Age 50)

What is Mohawk Industries' stock symbol?

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

How do I buy shares of Mohawk Industries?

Shares of MHK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Mohawk Industries' stock price today?

One share of MHK stock can currently be purchased for approximately $76.24.

How big of a company is Mohawk Industries?

Mohawk Industries has a market capitalization of $5.46 billion and generates $9.97 billion in revenue each year. The company earns $744.21 million in net income (profit) each year or $10.04 on an earnings per share basis. Mohawk Industries employs 41,800 workers across the globe. View additional information about Mohawk Industries.

What is Mohawk Industries' official website?

The official website for Mohawk Industries is http://www.mohawkind.com/.

How can I contact Mohawk Industries?

Mohawk Industries' mailing address is 160 S. Industrial Blvd., CALHOUN GA, 30701. The company can be reached via phone at 706-629-7721.


MarketBeat Community Rating for Mohawk Industries (NYSE MHK)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  565 (Vote Outperform)
Underperform Votes:  428 (Vote Underperform)
Total Votes:  993
MarketBeat's community ratings are surveys of what our community members think about Mohawk Industries and other stocks. Vote "Outperform" if you believe MHK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MHK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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