Zacks Research Has Pessimistic Outlook of MHK Q1 Earnings

Mohawk Industries, Inc. (NYSE:MHK) – Research analysts at Zacks Research decreased their Q1 2028 earnings per share (EPS) estimates for shares of Mohawk Industries in a note issued to investors on Monday, June 22nd. Zacks Research analyst Team now anticipates that the company will earn $2.46 per share for the quarter, down from their previous forecast of $2.48. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Mohawk Industries’ current full-year earnings is $8.67 per share.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS.

Other equities analysts have also issued reports about the stock. Bank of America reiterated a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research report on Tuesday, May 5th. Truist Financial decreased their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Robert W. Baird lowered their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Barclays cut their target price on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Trading Down 2.0%

Shares of MHK opened at $110.09 on Tuesday. Mohawk Industries has a 12-month low of $92.99 and a 12-month high of $143.13. The firm has a market capitalization of $6.71 billion, a P/E ratio of 16.50, a P/E/G ratio of 2.79 and a beta of 1.20. The firm has a 50-day moving average price of $104.76 and a 200 day moving average price of $110.66. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rexford Capital Inc. grew its position in Mohawk Industries by 10.1% in the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after acquiring an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after purchasing an additional 101 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after purchasing an additional 105 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Mohawk Industries by 20.7% in the fourth quarter. Signaturefd LLC now owns 671 shares of the company’s stock valued at $73,000 after purchasing an additional 115 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the transaction, the insider directly owned 14,132 shares in the company, valued at $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 40,186 shares of company stock worth $4,460,321. Company insiders own 17.90% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.