Mohawk Industries, Inc. (NYSE:MHK) issued its quarterly earnings data on Thursday, October 26th. The company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.01, Bloomberg Earnings reports. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the company posted $3.50 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Mohawk Industries updated its Q4 guidance to $3.25-3.34 EPS.
Mohawk Industries (MHK) opened at $263.85 on Friday. The company has a market cap of $19,609.33, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.39 and a beta of 1.35. Mohawk Industries has a one year low of $189.44 and a one year high of $268.46. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.23.
In related news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of Mohawk Industries stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total value of $5,022,515.00. Following the transaction, the chairman now directly owns 21,396 shares in the company, valued at approximately $5,454,910.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 17.00% of the company’s stock.
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A number of equities research analysts recently weighed in on the stock. Barclays PLC lifted their price objective on shares of Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. J P Morgan Chase & Co boosted their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 target price (up previously from $291.00) on shares of Mohawk Industries in a research report on Monday, October 30th. Stifel Nicolaus reissued a “buy” rating and set a $270.00 target price on shares of Mohawk Industries in a research report on Sunday, October 29th. Finally, Nomura set a $300.00 price objective on shares of Mohawk Industries and gave the company a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Mohawk Industries currently has an average rating of “Buy” and an average target price of $279.15.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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