Mohawk Industries (NYSE:MHK – Get Free Report) will likely be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.85 per share and revenue of $2.53 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Mohawk Industries Stock Up 1.4 %
Shares of NYSE MHK opened at $126.07 on Thursday. The stock has a market capitalization of $7.96 billion, a P/E ratio of 14.28, a PEG ratio of 1.27 and a beta of 1.41. The stock’s fifty day moving average is $126.86 and its 200 day moving average is $140.95. Mohawk Industries has a 52 week low of $101.83 and a 52 week high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.
Analyst Ratings Changes
MHK has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada cut their target price 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. The Goldman Sachs Group reduced their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Loop Capital lowered their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.
Insider Buying and Selling at Mohawk Industries
In other news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 2,453 shares of the company’s stock, valued at approximately $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. 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 sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is currently owned by 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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