Brokerages predict that Mohawk Industries, Inc. (NYSE:MHK) will announce earnings per share (EPS) of $2.52 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Mohawk Industries’ earnings. The lowest EPS estimate is $2.49 and the highest is $2.57. Mohawk Industries posted earnings of $3.42 per share in the same quarter last year, which would indicate a negative year over year growth rate of 26.3%. The business is scheduled to report its next earnings report on Thursday, February 14th.

On average, analysts expect that Mohawk Industries will report full-year earnings of $12.32 per share for the current financial year, with EPS estimates ranging from $12.28 to $12.37. For the next year, analysts expect that the firm will report earnings of $11.71 per share, with EPS estimates ranging from $10.70 to $12.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Mohawk Industries.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 25th. The company reported $3.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.58 by ($0.29). Mohawk Industries had a return on equity of 13.49% and a net margin of 8.81%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion.

MHK has been the topic of several analyst reports. JPMorgan Chase & Co. cut Mohawk Industries from a “neutral” rating to an “underweight” rating in a research note on Tuesday, October 9th. Robert W. Baird set a $192.00 target price on Mohawk Industries and gave the company a “buy” rating in a research report on Friday, October 26th. Raymond James dropped their target price on Mohawk Industries from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Wednesday, October 10th. SunTrust Banks dropped their target price on Mohawk Industries from $270.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Credit Suisse Group set a $180.00 target price on Mohawk Industries and gave the company a “buy” rating in a research report on Wednesday, October 17th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $171.63.

NYSE MHK traded up $1.71 during trading hours on Friday, hitting $123.01. 105,029 shares of the company were exchanged, compared to its average volume of 914,657. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.54 and a quick ratio of 0.79. Mohawk Industries has a 52 week low of $113.45 and a 52 week high of $284.71. The stock has a market capitalization of $9.00 billion, a P/E ratio of 9.04, a PEG ratio of 1.48 and a beta of 1.61.

Mohawk Industries declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 25th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In related news, insider Suzanne L. Helen sold 10,642 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $128.83, for a total value of $1,371,008.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard Thiers sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the sale, the insider now owns 40,156 shares of the company’s stock, valued at approximately $7,629,640. The disclosure for this sale can be found here. In the last quarter, insiders purchased 340,898 shares of company stock valued at $40,917,073 and sold 29,805 shares valued at $4,918,906. 16.80% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MHK. WESPAC Advisors SoCal LLC purchased a new stake in Mohawk Industries during the third quarter worth $105,000. Qube Research & Technologies Ltd purchased a new stake in Mohawk Industries during the second quarter worth $110,000. SRS Capital Advisors Inc. purchased a new stake in Mohawk Industries during the third quarter worth $118,000. Amica Retiree Medical Trust lifted its holdings in Mohawk Industries by 134.3% during the third quarter. Amica Retiree Medical Trust now owns 848 shares of the company’s stock worth $149,000 after buying an additional 486 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Mohawk Industries by 2,250.0% during the second quarter. Captrust Financial Advisors now owns 705 shares of the company’s stock worth $151,000 after buying an additional 675 shares during the period. Hedge funds and other institutional investors own 78.20% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

Recommended Story: Day Trading

Get a free copy of the Zacks research report on Mohawk Industries (MHK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.