Mohawk Industries (NYSE:MHK – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.77-1.87 for the period, compared to the consensus estimate of $2.24. Mohawk Industries also updated its Q4 2024 guidance to 1.770-1.870 EPS.
Mohawk Industries Trading Up 0.1 %
Shares of MHK stock traded up $0.17 on Thursday, hitting $151.87. The company had a trading volume of 1,053,082 shares, compared to its average volume of 697,784. The firm has a market cap of $9.70 billion, a P/E ratio of -23.22, a P/E/G ratio of 1.23 and a beta of 1.37. The stock’s 50-day moving average is $154.86 and its two-hundred day moving average is $133.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. Mohawk Industries has a twelve month low of $76.02 and a twelve month high of $164.29.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the firm posted $2.76 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Mohawk Industries will post 10 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on MHK
Insider Activity
In other Mohawk Industries news, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the completion of the sale, the vice president now owns 12,299 shares of the company’s stock, valued at $2,002,031.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $162.78, for a total value of $122,898.90. Following the sale, the vice president now directly owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,415 shares of company stock worth $673,387. 17.10% of the stock is owned by corporate insiders.
Mohawk Industries Company Profile
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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