Equities research analysts expect Mohawk Industries, Inc. (NYSE:MHK) to report earnings per share of $2.87 for the current quarter, Zacks reports. Seven analysts have made estimates for Mohawk Industries’ earnings, with the highest EPS estimate coming in at $2.91 and the lowest estimate coming in at $2.84. Mohawk Industries posted earnings of $3.51 per share during the same quarter last year, which indicates a negative year over year growth rate of 18.2%. The business is expected to report its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Mohawk Industries will report full-year earnings of $10.77 per share for the current year, with EPS estimates ranging from $10.23 to $11.51. For the next financial year, analysts forecast that the firm will report earnings of $11.90 per share, with EPS estimates ranging from $11.30 to $12.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Mohawk Industries.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.06. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company earned $3.01 earnings per share. Mohawk Industries’s revenue was up 1.3% compared to the same quarter last year.

Several equities research analysts have issued reports on MHK shares. Jefferies Financial Group upgraded Mohawk Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $167.00 in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Stifel Nicolaus upgraded Mohawk Industries from a “hold” rating to a “buy” rating and raised their price target for the company from $135.00 to $180.00 in a research report on Wednesday. Robert W. Baird set a $156.00 price objective on Mohawk Industries and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Wells Fargo & Co raised their price objective on Mohawk Industries from $130.00 to $135.00 and gave the company a “market perform” rating in a research note on Monday, February 11th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $149.53.

NYSE MHK traded up $5.20 on Friday, hitting $141.17. 60,657 shares of the stock traded hands, compared to its average volume of 882,362. Mohawk Industries has a 12 month low of $109.35 and a 12 month high of $228.49. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.53. The company has a current ratio of 1.37, a quick ratio of 0.68 and a debt-to-equity ratio of 0.20.

In other Mohawk Industries news, VP Rodney David Patton sold 2,260 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $133.50, for a total value of $301,710.00. Following the completion of the sale, the vice president now owns 9,134 shares of the company’s stock, valued at approximately $1,219,389. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 18.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc grew its position in shares of Mohawk Industries by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 6,421,024 shares of the company’s stock valued at $1,125,927,000 after acquiring an additional 29,538 shares during the period. BlackRock Inc. boosted its holdings in Mohawk Industries by 5.6% in the 4th quarter. BlackRock Inc. now owns 4,221,721 shares of the company’s stock worth $493,771,000 after buying an additional 223,512 shares during the period. FMR LLC boosted its holdings in Mohawk Industries by 16.3% in the 4th quarter. FMR LLC now owns 2,867,479 shares of the company’s stock worth $335,381,000 after buying an additional 402,710 shares during the period. Pzena Investment Management LLC bought a new position in Mohawk Industries in the 1st quarter worth $172,158,000. Finally, Wells Fargo & Company MN boosted its holdings in Mohawk Industries by 2.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,301,070 shares of the company’s stock worth $164,130,000 after buying an additional 36,090 shares during the period. 81.58% of the stock is owned by hedge funds and other institutional investors.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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Earnings History and Estimates for Mohawk Industries (NYSE:MHK)

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