Mohawk Industries (NYSE:MHK – Get Free Report) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $2.80-2.90 for the period, compared to the consensus earnings per share estimate of $2.71. Mohawk Industries also updated its Q3 2024 guidance to 2.800-2.900 EPS.
Mohawk Industries Stock Performance
MHK stock traded up $26.21 on Friday, hitting $160.71. The company had a trading volume of 3,404,515 shares, compared to its average volume of 719,127. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of -24.57, a P/E/G ratio of 1.28 and a beta of 1.38. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $117.23 and its 200 day simple moving average is $115.59. Mohawk Industries has a 12-month low of $76.02 and a 12-month high of $162.87.
Mohawk Industries (NYSE:MHK – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.24. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Mohawk Industries had a positive return on equity of 7.72% and a negative net margin of 3.77%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $2.76 earnings per share. As a group, equities research analysts expect that Mohawk Industries will post 9.51 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Mohawk Industries
Insider Buying and Selling
In other news, insider Suzanne L. Helen sold 1,800 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $111.74, for a total value of $201,132.00. Following the sale, the insider now directly owns 122,369 shares in the company, valued at $13,673,512.06. The sale was disclosed in a document filed with the SEC, which is available at this link. 17.10% of the stock is owned by corporate 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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