Mohawk Industries (NYSE:MHK – Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $2.89 per share for the quarter. Mohawk Industries has set its Q3 guidance at $2.80-2.90 EPS and its Q3 2024 guidance at 2.800-2.900 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Mohawk Industries (NYSE:MHK – Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.75 by $0.25. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 earnings per share. On average, analysts expect Mohawk Industries to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Mohawk Industries Stock Up 0.7 %
NYSE:MHK opened at $160.96 on Thursday. The firm has a market capitalization of $10.28 billion, a PE ratio of -24.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37. The stock has a 50 day moving average of $153.23 and a 200-day moving average of $132.15. Mohawk Industries has a 52 week low of $76.02 and a 52 week high of $164.05. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on MHK
Insider Activity at Mohawk Industries
In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,415 shares of company stock worth $673,387 in the last quarter. 17.10% of the stock is owned by company insiders.
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.
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