Mohawk Industries (NYSE:MHK – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.680-2.780 for the period, compared to the consensus estimate of 2.680. The company issued revenue guidance of -. Mohawk Industries also updated its Q2 guidance to $2.68-2.78 EPS.
Mohawk Industries Trading Down 1.0 %
Shares of Mohawk Industries stock traded down $1.13 on Thursday, hitting $110.27. The stock had a trading volume of 818,742 shares, compared to its average volume of 705,769. The stock has a 50 day moving average of $118.99 and a 200 day moving average of $102.80. Mohawk Industries has a twelve month low of $76.02 and a twelve month high of $131.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.97 and a current ratio of 1.78. The firm has a market capitalization of $7.02 billion, a P/E ratio of -15.68 and a beta of 1.34.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.18. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 EPS. Sell-side analysts expect that Mohawk Industries will post 9.56 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Mohawk Industries
Insider Buying and Selling
In related news, VP Rodney David Patton sold 1,551 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $119.51, for a total value of $185,360.01. Following the completion of the sale, the vice president now owns 15,321 shares in the company, valued at approximately $1,831,012.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.10% of the stock is currently 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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