$2.93 Earnings Per Share Expected for Mohawk Industries, Inc. (NYSE:MHK) This Quarter

Analysts expect Mohawk Industries, Inc. (NYSE:MHK) to announce earnings of $2.93 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mohawk Industries’ earnings, with the highest EPS estimate coming in at $2.95 and the lowest estimate coming in at $2.88. Mohawk Industries posted earnings per share of $3.54 in the same quarter last year, which indicates a negative year over year growth rate of 17.2%. The company is expected to announce its next earnings results on Thursday, February 10th.

On average, analysts expect that Mohawk Industries will report full year earnings of $14.83 per share for the current year, with EPS estimates ranging from $14.78 to $14.86. For the next financial year, analysts forecast that the business will post earnings of $15.85 per share, with EPS estimates ranging from $15.00 to $17.27. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mohawk Industries.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, October 28th. The company reported $3.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.15. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. Mohawk Industries had a return on equity of 12.50% and a net margin of 9.86%. Mohawk Industries’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.26 EPS.

A number of analysts recently weighed in on the stock. Barclays decreased their price target on shares of Mohawk Industries from $235.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, November 1st. Royal Bank of Canada decreased their price objective on shares of Mohawk Industries from $167.00 to $157.00 and set an “underperform” rating for the company in a research report on Monday, November 1st. Loop Capital lowered their target price on Mohawk Industries from $200.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, October 12th. Evercore ISI restated a “buy” rating and set a $248.00 target price on shares of Mohawk Industries in a research note on Sunday, October 17th. Finally, Zacks Investment Research downgraded Mohawk Industries from a “buy” rating to a “hold” rating and set a $188.00 target price for the company. in a research note on Monday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $195.33.

Shares of MHK stock traded down $1.55 on Thursday, reaching $179.70. 409,169 shares of the stock were exchanged, compared to its average volume of 515,046. The stock has a market cap of $12.17 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.51 and a beta of 1.50. The company has a quick ratio of 1.18, a current ratio of 1.95 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $181.75 and a two-hundred day moving average of $192.50. Mohawk Industries has a 1-year low of $124.16 and a 1-year high of $231.80.

Hedge funds have recently made changes to their positions in the business. WASHINGTON TRUST Co acquired a new position in Mohawk Industries during the 2nd quarter worth $25,000. Moors & Cabot Inc. acquired a new stake in shares of Mohawk Industries in the third quarter valued at $25,000. Berman Capital Advisors LLC lifted its holdings in shares of Mohawk Industries by 213.7% in the second quarter. Berman Capital Advisors LLC now owns 160 shares of the company’s stock valued at $30,000 after buying an additional 109 shares during the period. Credit Agricole S A lifted its holdings in shares of Mohawk Industries by 160.9% in the second quarter. Credit Agricole S A now owns 167 shares of the company’s stock valued at $32,000 after buying an additional 103 shares during the period. Finally, KB Financial Partners LLC acquired a new stake in shares of Mohawk Industries in the first quarter valued at $34,000. Institutional investors own 74.81% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications.

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Earnings History and Estimates for Mohawk Industries (NYSE:MHK)

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