Mohawk Industries Inc. (MHK) Issues Q1 Earnings Guidance
Mohawk Industries Inc. (NYSE:MHK) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.13-1.19 for the period, compared to the Thomson Reuters consensus estimate of $1.54, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Mohawk Industries from a strong-buy rating to a market perform rating in a research note on Friday. They now have a $160.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Mohawk Industries from $161.00 to $171.00 in a research note on Monday, January 27th. They now have an overweight rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Mohawk Industries in a research note on Monday, January 27th. They set a strong-buy rating on the stock. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $162.34.
Shares of Mohawk Industries Inc. (NYSE:MHK) traded down 1.63% during mid-day trading on Friday, hitting $143.56. The stock had a trading volume of 1,131,263 shares. Mohawk Industries Inc. has a 52 week low of $101.26 and a 52 week high of $155.48. The stock has a 50-day moving average of $145.3 and a 200-day moving average of $135.4. The company has a market cap of $10.426 billion and a price-to-earnings ratio of 32.51.
Mohawk Industries (NYSE:MHK) last released its earnings data on Thursday, February 20th. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.75 by $0.04. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Analysts expect that Mohawk Industries Inc. will post $8.24 EPS for the current fiscal year.
Mohawk Industries, Inc (NYSE:MHK) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.
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