Mohawk Industries, Inc. (NYSE:MHK) – Equities researchers at Gabelli issued their FY2022 earnings per share (EPS) estimates for shares of Mohawk Industries in a research report issued to clients and investors on Monday. Gabelli analyst A. Lacayo expects that the company will earn $20.50 per share for the year.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.10. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $3.26 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year.
Mohawk Industries (NYSE:MHK) traded down $3.27 on Tuesday, hitting $251.28. The stock had a trading volume of 960,931 shares, compared to its average volume of 737,171. Mohawk Industries has a 1 year low of $219.22 and a 1 year high of $286.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80. The stock has a market cap of $18,539.88, a PE ratio of 19.48, a P/E/G ratio of 2.04 and a beta of 1.26.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHK. NuWave Investment Management LLC bought a new stake in shares of Mohawk Industries in the 4th quarter valued at about $117,000. Cerebellum GP LLC bought a new position in Mohawk Industries during the 4th quarter valued at approximately $124,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Mohawk Industries during the 4th quarter valued at approximately $124,000. Calton & Associates Inc. bought a new position in Mohawk Industries during the 4th quarter valued at approximately $171,000. Finally, Tower Research Capital LLC TRC bought a new position in Mohawk Industries during the 4th quarter valued at approximately $174,000. 76.51% of the stock is owned by institutional investors.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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