The closing price of Mohawk Industries, Inc. (NYSE: MHK) was $122.11 for the day, down -3.41% from the previous closing price of $126.42. In other words, the price has decreased by -$4.31 from its previous closing price. On the day, 603812 shares were traded.
Ratios:
Our analysis of MHK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on February 12, 2024, Upgraded its rating to Buy and sets its target price to $152 from $98 previously.
On January 12, 2024, RBC Capital Mkts Upgraded its rating to Sector Perform which previously was Underperform and also upped its target price recommendation from $80 to $101.
Barclays Upgraded its Underweight to Equal Weight on December 13, 2023, whereas the target price for the stock was revised from $80 to $100.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 12 ’24 when Patton Rodney David sold 1,551 shares for $119.51 per share. The transaction valued at 185,352 led to the insider holds 15,321 shares of the business.
Brunk James sold 4,007 shares of MHK for $470,542 on Feb 28 ’24. The CFO – VP FINANCE now owns 18,902 shares after completing the transaction at $117.43 per share. On Dec 14 ’23, another insider, HELEN SUZANNE L, who serves as the Possible Member of Group of the company, sold 4,500 shares for $107.01 each. As a result, the insider received 481,554 and left with 4,453 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MHK now has a Market Capitalization of 7.78B and an Enterprise Value of 10.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 0.92 whereas that against EBITDA is 29.11.
Stock Price History:
Over the past 52 weeks, MHK has reached a high of $131.19, while it has fallen to a 52-week low of $76.02. The 50-Day Moving Average of the stock is 115.92, while the 200-Day Moving Average is calculated to be 100.52.
Shares Statistics:
MHK traded an average of 718.93K shares per day over the past three months and 462.02k shares per day over the past ten days. A total of 63.69M shares are outstanding, with a floating share count of 53.21M. Insiders hold about 16.46% of the company’s shares, while institutions hold 80.20% stake in the company. Shares short for MHK as of Mar 15, 2024 were 1.9M with a Short Ratio of 2.65, compared to 1.84M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.99% and a Short% of Float of 3.60%.
Earnings Estimates
The firm’s stock currently is rated by 17 analysts. On average, analysts expect EPS of $1.68 for the current quarter, with a high estimate of $1.72 and a low estimate of $1.6, while EPS last year was $1.75. The consensus estimate for the next quarter is $2.7, with high estimates of $3.03 and low estimates of $2.23.
Analysts are recommending an EPS of between $10.55 and $8.38 for the fiscal current year, implying an average EPS of $9.57. EPS for the following year is $11.16, with 17 analysts recommending between $12.45 and $9.37.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $2.79B to a low estimate of $2.37B. As of the current estimate, Mohawk Industries, Inc.’s year-ago sales were $2.81B, an estimated decrease of -5.40% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $2.82B, a decrease of -4.30% over than the figure of -$5.40% in the same quarter last year. There is a high estimate of $2.98B for the next quarter, whereas the lowest estimate is $2.53B.
A total of 16 analysts have provided revenue estimates for MHK’s current fiscal year. The highest revenue estimate was $11.25B, while the lowest revenue estimate was $10.4B, resulting in an average revenue estimate of $10.93B. In the same quarter a year ago, actual revenue was $11.14B, down -1.80% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $11.25B in the next fiscal year. The high estimate is $11.53B and the low estimate is $10.64B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.
