Wall Street analysts forecast that Mohawk Industries, Inc. (NYSE:MHK) will post $3.33 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Mohawk Industries’ earnings, with the highest EPS estimate coming in at $3.37 and the lowest estimate coming in at $3.30. Mohawk Industries reported earnings of $3.26 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is expected to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that Mohawk Industries will report full-year earnings of $13.52 per share for the current financial year, with EPS estimates ranging from $13.50 to $13.56. For the next financial year, analysts anticipate that the firm will report earnings of $14.76 per share, with EPS estimates ranging from $14.12 to $15.69. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Mohawk Industries.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.74 by $0.01. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share.

A number of analysts have recently issued reports on the company. Northcoast Research assumed coverage on Mohawk Industries in a report on Thursday, October 5th. They issued a “buy” rating and a $295.00 target price for the company. Instinet restated a “buy” rating and issued a $288.00 target price (up previously from $280.00) on shares of Mohawk Industries in a report on Saturday, September 30th. Jefferies Group assumed coverage on Mohawk Industries in a report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 target price for the company. Barclays increased their target price on Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $270.00 target price on shares of Mohawk Industries in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $289.33.

Mohawk Industries (MHK) traded down $3.01 on Thursday, hitting $273.44. The stock had a trading volume of 369,200 shares, compared to its average volume of 485,731. The stock has a market capitalization of $20,550.00, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.50 and a beta of 1.37. Mohawk Industries has a one year low of $198.45 and a one year high of $286.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in Mohawk Industries by 399.2% during the second quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock worth $8,312,000 after buying an additional 27,503 shares during the last quarter. Quantbot Technologies LP acquired a new position in Mohawk Industries during the third quarter worth $5,281,000. Utah Retirement Systems increased its position in Mohawk Industries by 0.9% during the second quarter. Utah Retirement Systems now owns 11,397 shares of the company’s stock worth $2,754,000 after buying an additional 100 shares during the last quarter. Swiss National Bank increased its position in Mohawk Industries by 3.2% during the second quarter. Swiss National Bank now owns 230,474 shares of the company’s stock worth $55,703,000 after buying an additional 7,100 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Mohawk Industries during the second quarter worth $53,508,000. 76.50% of the stock is currently owned by institutional investors and hedge funds.

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

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