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

Mohawk Industries (NYSE:MHK) announced its earnings results on Thursday. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate 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 Down 1.1 %

Shares of NYSE:MHK traded down $1.37 during midday trading on Friday, hitting $120.60. 915,342 shares of the stock were exchanged, compared to its average volume of 782,820. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The company has a market capitalization of $7.61 billion, a PE ratio of 13.70, a P/E/G ratio of 1.60 and a beta of 1.41. Mohawk Industries has a 52-week low of $101.83 and a 52-week high of $164.29. The business’s fifty day simple moving average is $124.67 and its two-hundred day simple moving average is $140.52.

Wall Street Analysts Forecast Growth

MHK has been the topic of several analyst reports. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. The Goldman Sachs Group cut their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $160.00 to $196.00 in a report on Monday, October 21st. Loop Capital cut their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $151.00 to $161.00 in a research note on Friday, January 10th. Four equities research 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 stock. According to MarketBeat.com, Mohawk Industries currently has an average rating of “Moderate Buy” and a consensus price target of $154.62.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the sale, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 19,078 shares of company stock valued at $2,474,347 over the last three months. 17.10% of the stock is currently owned by insiders.

About Mohawk Industries

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.