Mohawk Industries (NYSE:MHK) released its quarterly earnings data on Wednesday. The company reported $3.01 EPS for the quarter, beating the Zacks’ consensus estimate of $3.00 by $0.01, Bloomberg Earnings reports. The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.40 billion. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. Mohawk Industries’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.72 EPS.
Shares of NYSE MHK traded up $0.08 during midday trading on Thursday, reaching $227.20. 1,132,764 shares of the stock were exchanged, compared to its average volume of 738,850. The company has a market capitalization of $16,913.18, a P/E ratio of 16.69, a P/E/G ratio of 1.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80. Mohawk Industries has a twelve month low of $221.96 and a twelve month high of $286.85.
In other news, insider Bernard Thiers sold 17,383 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $250.00, for a total transaction of $4,345,750.00. Following the completion of the sale, the insider now owns 50,003 shares in the company, valued at approximately $12,500,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Henry Runge III purchased 500 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average price of $250.87 per share, with a total value of $125,435.00. Following the acquisition, the director now directly owns 2,335 shares in the company, valued at $585,781.45. The disclosure for this purchase can be found here. Insiders have sold a total of 34,595 shares of company stock valued at $8,603,365 in the last 90 days. Insiders own 16.80% of the company’s stock.
About Mohawk Industries
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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