Previous close | 134.50 |
Open | 150.81 |
Bid | 161.55 x 1400 |
Ask | 162.50 x 1100 |
Day's range | 149.60 - 162.87 |
52-week range | 76.02 - 162.87 |
Volume | |
Avg. volume | 685,893 |
Market cap | 10.263B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | -6.52 |
Earnings date | 25 July 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 128.06 |
Mohawk's (MHK) second-quarter 2024 results reflect soft consumer demand due to ongoing inflation and market volatility. Yet, strategic restructuring plans and cost-effective initiatives bode well for the bottom line.
Shares of flooring manufacturer Mohawk Industries (NYSE:MHK) jumped 19% in the afternoon session after the company reported second quarter earnings results. Both adjusted EBITDA and EPS beat in the quarter, showing that profitability is strong. Mohawk Industries provided an optimistic earnings forecast for the next quarter, which exceeded analysts' expectations. Despite a challenging market environment driven by higher interest rates and consumers' deferral of home remodeling and improvement pro
The headline numbers for Mohawk Industries (MHK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.