Mohawk Industries (NYSE:MHK – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.770-1.870 for the period, compared to the consensus EPS estimate of 2.240. The company issued revenue guidance of -. Mohawk Industries also updated its Q4 guidance to $1.77-1.87 EPS.
Analyst Ratings Changes
Several equities analysts have weighed in on MHK shares. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $140.00 to $160.00 in a report on Monday, October 7th. Loop Capital raised their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their target price on Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price target on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $166.25.
Mohawk Industries Trading Up 0.1 %
Mohawk Industries (NYSE:MHK – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.25. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. On average, equities research analysts forecast that Mohawk Industries will post 10 earnings per share for the current fiscal year.
Insider Transactions at Mohawk Industries
In other Mohawk Industries news, insider Suzanne L. Helen sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total transaction of $102,879.00. Following the sale, the insider now owns 121,669 shares in the company, valued at $17,881,692.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Mohawk Industries news, insider Suzanne L. Helen sold 700 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total transaction of $102,879.00. Following the sale, the insider now directly owns 121,669 shares of the company’s stock, valued at approximately $17,881,692.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the transaction, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,415 shares of company stock valued at $673,387. 17.10% of the stock is currently owned by corporate 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.
See Also
- Five stocks we like better than Mohawk Industries
- What is the Shanghai Stock Exchange Composite Index?
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Technology Stocks Explained: Here’s What to Know About Tech
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Stock Average Calculator
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.