Mohawk Industries (MHK) to Release Earnings on Thursday

Mohawk Industries (NYSE:MHK) is anticipated 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 $2.53 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Mohawk Industries Stock Up 1.4 %

MHK stock opened at $126.07 on Thursday. The business has a 50-day moving average of $126.86 and a 200-day moving average of $140.95. Mohawk Industries has a fifty-two week low of $101.83 and a fifty-two week high of $164.29. The stock has a market capitalization of $7.96 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.27 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.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the transaction, the insider now directly owns 104,084 shares of the company’s stock, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 in the last three months. 17.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on MHK. StockNews.com upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Loop Capital reduced their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Four investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.