Mohawk Industries (NYSE:MHK – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.770-1.870 for the period, compared to the consensus earnings per share estimate of 2.240. The company issued revenue guidance of -. Mohawk Industries also updated its Q4 guidance to $1.77-1.87 EPS.
Mohawk Industries Stock Down 13.8 %
Shares of NYSE:MHK traded down $20.99 during trading on Friday, reaching $130.88. 3,197,985 shares of the company traded hands, compared to its average volume of 709,862. The firm has a fifty day simple moving average of $154.55 and a 200 day simple moving average of $133.72. The firm has a market cap of $8.36 billion, a P/E ratio of -20.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. Mohawk Industries has a 1-year low of $76.02 and a 1-year high of $164.29. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.22.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.01. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.71 billion. Analysts anticipate that Mohawk Industries will post 9.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Insider Transactions at Mohawk Industries
In other news, VP Rodney David Patton sold 755 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $162.78, for a total transaction of $122,898.90. Following the transaction, the vice president now owns 12,299 shares in the company, valued at approximately $2,002,031.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Rodney David Patton sold 755 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $162.78, for a total value of $122,898.90. Following the sale, the vice president now owns 12,299 shares of the company’s stock, valued at $2,002,031.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,415 shares of company stock worth $673,387. 17.10% of the stock is currently owned by company insiders.
About Mohawk Industries
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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