Date | Price Target | Rating | Analyst |
---|---|---|---|
7/26/2024 | $120.00 → $177.00 | Underperform → Buy | BofA Securities |
6/10/2024 | $140.00 | Mkt Perform → Strong Buy | Raymond James |
2/12/2024 | $98.00 → $152.00 | Hold → Buy | Deutsche Bank |
1/12/2024 | $80.00 → $101.00 | Underperform → Sector Perform | RBC Capital Mkts |
12/13/2023 | $80.00 → $100.00 | Underweight → Equal Weight | Barclays |
10/17/2023 | $85.00 | Underweight | Wells Fargo |
4/11/2023 | $115.00 | Hold → Buy | Loop Capital |
10/18/2022 | $140.00 → $100.00 | Neutral → Underperform | BofA Securities |
CALHOUN, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced second quarter 2024 net earnings of $157 million and earnings per share ("EPS") of $2.46; adjusted net earnings were $192 million, and adjusted EPS was $3.00. Net sales for the second quarter of 2024 were $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis versus the prior year. During the second quarter of 2023, the Company reported net sales of $3.0 billion, net earnings of $101 million and EPS of $1.58; adjusted net earnings were $176 million, and adjusted EPS was $2.76. For the six months ended June 29, 2024, net earnings and EPS were $262 million and $4.10, respec
CALHOUN, Ga., June 28, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE:MHK) Second Quarter 2024 earnings release on Thursday, July 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, July 26, 2024, at 11:00 am ET. What: Mohawk Industries, Inc. 2nd Quarter 2024 Earnings Call When: July 26, 2024 11:00 am ET Where: www.mohawkind.com Select "Investor Information" How: Live over the Internet – Simply log on via the web at the address above or Register for the conference call at: https://dpregister.com/sreg/10190272/fceb831600 Live Conference Call: Dial 1-833-630-1962 (US/Canada) Dial 1-412-317-1843 (I
CALHOUN, Ga., April 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share ("EPS") of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis versus the prior year. During the first quarter of 2023, the Company reported net sales of $2.8 billion, net earnings of $80 million and EPS of $1.26; adjusted net earnings were $112 million, and adjusted EPS was $1.75. Commenting on the Company's first quarter results, Chairman and CEO Jeff Lorberbaum state
8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
10-Q - MOHAWK INDUSTRIES INC (0000851968) (Filer)
8-K - MOHAWK INDUSTRIES INC (0000851968) (Filer)
BofA Securities upgraded Mohawk from Underperform to Buy and set a new price target of $177.00 from $120.00 previously
Raymond James upgraded Mohawk from Mkt Perform to Strong Buy and set a new price target of $140.00
Deutsche Bank upgraded Mohawk from Hold to Buy and set a new price target of $152.00 from $98.00 previously
CALHOUN, Ga., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced the promotion of Mauro Vandini as President of the Company's Global Ceramic Segment, effective September 15, 2024. Vandini will also maintain his present role as President of Mohawk's European Ceramic business with the support of his talented team. "I have worked with Mauro since 2013, following the Marazzi acquisition, and I respect his deep knowledge of ceramic manufacturing, sales and marketing and his ability to drive improvements in all areas of the business," said Jeff Lorberbaum, Mohawk's Chairman and Chief Executive Officer. "Since we acquired Dal-Tile in 2002, Mohawk has become the
CALHOUN, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today announced second quarter 2024 net earnings of $157 million and earnings per share ("EPS") of $2.46; adjusted net earnings were $192 million, and adjusted EPS was $3.00. Net sales for the second quarter of 2024 were $2.8 billion, a decrease of 5.1% as reported and 4.5% on an adjusted basis versus the prior year. During the second quarter of 2023, the Company reported net sales of $3.0 billion, net earnings of $101 million and EPS of $1.58; adjusted net earnings were $176 million, and adjusted EPS was $2.76. For the six months ended June 29, 2024, net earnings and EPS were $262 million and $4.10, respec
CALHOUN, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE:MHK) today published its 15th annual impact report, Surfaces with Purpose, which documents the Company's 2023 progress toward its sustainability goals and shares activities from around the globe that reflect Mohawk's commitment to people and the planet. "Sustainability is more than a good philosophy; it is good business," said Chairman and Chief Executive Officer Jeff Lorberbaum. "Our business is dedicated to delivering results for our investors, customers, employees and communities. Our products are manufactured utilizing sustainable practices that help to lower our carbon footprint, conserve resources and inco
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CALHOUN, Ga., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the appointment of James F. Brunk as chief financial officer, effective April 1, 2021. “I have worked with Jim for many years, and I am confident that he will do an excellent job as our chief financial officer,” said Jeff Lorberbaum, Mohawk’s chairman and chief executive officer. “He has a deep understanding of our global operations and will positively influence our performance. His expertise in financial planning and analysis, mergers and acquisitions, accounting and investor relations has been exhibited throughout his three-decade career.” Since May 2009, Brunk, 55, has served as Mohawk’
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Barclays analyst Matthew Bouley maintains Mohawk Industries (NYSE:MHK) with a Equal-Weight and lowers the price target from $120 to $118.
In the last three months, 7 analysts have published ratings on Mohawk Industries (NYSE:MHK), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 3 0 0 Analysts have recently evaluated Mohawk Industries and provided 12-month price targets. The average target is $128.86, accompanied by a high estimate of $140.00 and a low estimate of $108.00. This up