Mohawk Industries (NYSE:MHK) posted its quarterly earnings results on Thursday. The company reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.05, Bloomberg Earnings reports. Mohawk Industries had a return on equity of 9.82% and a net margin of 7.09%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. Mohawk Industries’s revenue for the quarter was down 1.0% compared to the same quarter last year. Mohawk Industries updated its Q1 2020
After-Hours guidance to 1.90-2.00 EPS and its Q1 guidance to $1.90-2.00 EPS.
Shares of MHK stock traded down $0.54 on Thursday, reaching $132.64. The company had a trading volume of 688,053 shares, compared to its average volume of 666,595. The stock has a market capitalization of $9.12 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. Mohawk Industries has a one year low of $108.93 and a one year high of $156.60. The business’s 50-day moving average is $134.03 and its 200 day moving average is $130.26.
MHK has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Mohawk Industries from an “underweight” rating to a “neutral” rating and set a $136.00 target price on the stock in a report on Thursday, January 16th. Cfra upgraded shares of Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Robert W. Baird upped their price target on shares of Mohawk Industries from $150.00 to $168.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Deutsche Bank assumed coverage on shares of Mohawk Industries in a research report on Wednesday, November 27th. They set a “hold” rating on the stock. Finally, ValuEngine raised shares of Mohawk Industries from a “sell” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Mohawk Industries has an average rating of “Hold” and a consensus target price of $146.15.
About Mohawk Industries
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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