Mohawk Industries (NYSE:MHK) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Mohawk Industries (NYSE:MHK) announced its quarterly earnings results on Thursday. The company reported $1.95 earnings per share (EPS) for the quarter, topping 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 Stock Performance

Shares of MHK stock 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 firm has a 50 day moving average price of $125.02 and a two-hundred day moving average price of $140.65. The firm has a market capitalization of $7.69 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the sale, the insider now owns 2,453 shares in the company, valued at approximately $332,332.44. This trade represents a 44.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 19,078 shares of company stock worth $2,474,347. Corporate insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group increased their target price on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada decreased their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $151.00 to $161.00 in a research report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and an average target price of $154.62.

Mohawk Industries Company Profile

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.