Mohawk Industries (MHK) to Release Earnings on Thursday

Mohawk Industries (NYSE:MHK) is expected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $1.85 per share and revenue of $2.54 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $119.01 on Tuesday. The business’s 50 day moving average price is $125.78 and its two-hundred day moving average price is $140.85. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.51 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries has a twelve month low of $101.83 and a twelve month high of $164.29.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the transaction, the insider now owns 2,453 shares of the company’s stock, valued at $332,332.44. This represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 19,078 shares of company stock worth $2,474,347. Insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Loop Capital decreased their price target on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Barclays dropped their price target on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reduced their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $151.00 to $161.00 in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

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.