Mohawk Industries (MHK) Projected to Post Quarterly Earnings on Thursday

Mohawk Industries (NYSE:MHK) is projected to release its earnings data after the market closes on Thursday, February 6th. Analysts expect Mohawk Industries to post earnings of $1.85 per share and revenue of $2.54 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $120.13 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.60 and a beta of 1.41. Mohawk Industries has a 52 week low of $101.83 and a 52 week high of $164.29. The firm’s 50-day simple moving average is $125.38 and its two-hundred day simple moving average is $140.79.

Analysts Set New Price Targets

Several research firms have recently weighed in on MHK. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Truist Financial lowered their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. raised Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $151.00 to $161.00 in a report on Friday, January 10th. Barclays lowered their target price on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.62.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 9,078 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 over the last three months. 17.10% of the stock is owned by insiders.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.