Mohawk Industries (NYSE:MHK – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.770-1.870 for the period, compared to the consensus earnings per share estimate of 2.240. The company issued revenue guidance of -. Mohawk Industries also updated its Q4 guidance to $1.77-1.87 EPS.
Mohawk Industries Stock Performance
Shares of NYSE MHK traded up $0.17 during midday trading on Thursday, hitting $151.87. 1,065,666 shares of the company’s stock were exchanged, compared to its average volume of 697,784. The firm has a market capitalization of $9.70 billion, a PE ratio of -23.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37. The company’s 50 day moving average price is $154.76 and its 200 day moving average price is $133.48. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. Mohawk Industries has a 12 month low of $76.02 and a 12 month high of $164.29.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.25. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $2.76 EPS. As a group, analysts predict that Mohawk Industries will post 10 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Get Our Latest Research Report on MHK
Insider Activity
In other news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total value of $102,879.00. Following the transaction, the insider now directly owns 121,669 shares of the company’s stock, valued at $17,881,692.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the transaction, the insider now directly owns 119,369 shares in the company, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,415 shares of company stock valued at $673,387 in the last ninety days. 17.10% of the stock is owned by company 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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