Mohawk Industries (NYSE:MHK) Issues Quarterly Earnings Results

Mohawk Industries (NYSE:MHK) announced its quarterly earnings data on Thursday. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10, Zacks reports. Mohawk Industries had a net margin of 5.22% and a return on equity of 8.05%. Mohawk Industries updated its Q1 2025 guidance to 1.340-1.440 EPS.

Mohawk Industries Trading Up 0.8 %

Shares of MHK traded up $0.97 during mid-day trading on Thursday, reaching $121.81. 1,127,886 shares of the company’s stock traded hands, compared to its average volume of 778,687. Mohawk Industries has a 12 month low of $101.83 and a 12 month high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The stock has a market cap of $7.69 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.60 and a beta of 1.41. The stock’s 50-day moving average is $125.02 and its two-hundred day moving average is $140.65.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MHK shares. Barclays cut their target price on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.62.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 9,078 shares of the business’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 value of $1,187,947.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 in the last quarter. 17.10% of the stock is owned by company 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.