Mohawk Industries (MHK) to Release Quarterly Earnings on Thursday

Mohawk Industries (NYSE:MHKGet Free Report) will likely be releasing its earnings data after the market closes on Thursday, February 6th. Analysts expect Mohawk Industries to post earnings of $1.85 per share and revenue of $2.54 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Mohawk Industries Price Performance

MHK opened at $120.13 on Wednesday. The firm has a market capitalization of $7.58 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The business’s 50-day moving average is $125.38 and its two-hundred day moving average is $140.79. Mohawk Industries has a 1 year low of $101.83 and a 1 year high of $164.29.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the sale, the insider now directly owns 104,084 shares of the company’s stock, valued at $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on MHK. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group decreased their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Loop Capital dropped their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Truist Financial decreased their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $154.62.

Check Out Our Latest Stock Report on Mohawk Industries

About Mohawk Industries

(Get Free Report)

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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Earnings History for Mohawk Industries (NYSE:MHK)

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