Mohawk Industries, Inc. (NYSE:MHK) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $8.00-8.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.24, AmericanBankingNews.com reports. Mohawk Industries also updated its Q2 guidance to $2.14-2.23 EPS.
Mohawk Industries, Inc. (NYSE:MHK) opened at 133.32 on Friday. Mohawk Industries, Inc. has a one year low of $103.74 and a one year high of $155.48. The stock has a 50-day moving average of $136.0 and a 200-day moving average of $139.6. The company has a market cap of $9.693 billion and a price-to-earnings ratio of 27.46.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.05. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that Mohawk Industries, Inc. will post $8.21 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Mohawk Industries from a neutral rating to a buy rating in a research note on Monday. On a related note, analysts at Barclays cut their price target on shares of Mohawk Industries from $167.00 to $166.00 in a research note on Monday, March 31st. Finally, analysts at Stifel Nicolaus raised their price target on shares of Mohawk Industries from $160.00 to $165.00 in a research note on Monday, February 24th. They now have a buy rating on the stock. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $161.09.
Mohawk Industries, Inc (NYSE:MHK) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.
Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.