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Mohawk Industries Reports Q4 Results

Mohawk Industries Reports Q4 Results
/EIN News/ CALHOUN, Ga., Feb. 11, 2021 (GLOBE NEWSWIRE) Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 fourth quarter net profit of $248 million and diluted earnings per share (EPS) of $3.49. Adjusted net earnings were $252 million, and EPS was $3.54, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2020 were $2.6 billion, an increase of 9.0% as reported and 5.5% on a constant currency and days basis. For the fourth quarter of 2019, net sales were $2.4 billion, net earnings were $265 million and EPS was $3.68, which included a one-time tax benefit. Adjusted net earnings were $162 million, and EPS was $2.25, excluding restructuring, acquisition and other charges in addition to the one-time tax benefit. ....

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Mohawk Industries - Consensus Indicates Potential -10.6% Downside

2:43 pm
Mohawk Industries with ticker code (MHK) now have 16 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 160 and 86 and has a mean target at 120.19. Given that the stocks previous close was at 134.41 this indicates there is a potential downside of -10.6%. The 50 day MA is 120.14 while the 200 day moving average is 100.75. The company has a market capitalisation of $9,490m. Find out more information at: http://www.mohawkind.com
Mohawk Industries designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porc ....

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