Mohawk Industries, Inc. (NYSE:MHK) – Northcoast Research upped their Q1 2018 earnings per share estimates for shares of Mohawk Industries in a research report issued to clients and investors on Tuesday. Northcoast Research analyst K. Hocevar now forecasts that the company will post earnings per share of $3.00 for the quarter, up from their previous estimate of $2.85. Northcoast Research also issued estimates for Mohawk Industries’ Q2 2018 earnings at $4.11 EPS, Q3 2018 earnings at $4.49 EPS, Q4 2018 earnings at $4.10 EPS and FY2019 earnings at $17.15 EPS.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Robert W. Baird dropped their price target on Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday. JPMorgan Chase & Co. upped their price target on Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. ValuEngine upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Longbow Research upgraded Mohawk Industries from a “neutral” rating to a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Mohawk Industries presently has an average rating of “Buy” and a consensus target price of $295.62.

Shares of Mohawk Industries (MHK) opened at $251.28 on Wednesday. The company has a market capitalization of $18,918.16, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53. Mohawk Industries has a 12 month low of $219.22 and a 12 month high of $286.85.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 8th. The company reported $3.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.32 by $0.10. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.26 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in shares of Mohawk Industries by 399.2% in 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 period. Pensionfund DSM Netherlands purchased a new stake in shares of Mohawk Industries in the fourth quarter worth about $3,035,000. Quantbot Technologies LP purchased a new stake in shares of Mohawk Industries in the third quarter worth about $5,281,000. National Pension Service boosted its holdings in Mohawk Industries by 2.5% in the fourth quarter. National Pension Service now owns 69,142 shares of the company’s stock valued at $19,076,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Mohawk Industries by 10.4% in the third quarter. Parametric Portfolio Associates LLC now owns 105,131 shares of the company’s stock valued at $26,021,000 after purchasing an additional 9,896 shares during the last quarter. 76.51% of the stock is owned by institutional investors.

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Mohawk Industries Company Profile

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.

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

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