Mohawk Industries (NYSE:MHK) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Mohawk Industries (NYSE:MHK) issued its quarterly earnings data on Thursday. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10, Zacks reports. Mohawk Industries had a return on equity of 8.05% and a net margin of 5.22%. Mohawk Industries updated its Q1 2025 guidance to 1.340-1.440 EPS.

Mohawk Industries Stock Performance

NYSE MHK traded down $1.37 during trading hours on Friday, hitting $120.60. The company had a trading volume of 915,342 shares, compared to its average volume of 782,820. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. Mohawk Industries has a 1-year low of $101.83 and a 1-year high of $164.29. The company has a market cap of $7.61 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The business has a 50 day moving average of $124.67 and a 200-day moving average of $140.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MHK shares. JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $151.00 to $161.00 in a research note on Friday, January 10th. The Goldman Sachs Group lowered their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Royal Bank of Canada lowered 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, Loop Capital decreased their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.62.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 19,078 shares of company stock worth $2,474,347 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

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.