Mohawk Industries Inc Stock News

Mohawk Industries' (MHK) fourth-quarter results benefit from solid residential demand.

Mohawk press release (MHK): Q4 Non-GAAP EPS of $2.95 beats by $0.09.Revenue of $2.76B (+4.5% Y/Y) beats by $40M.Shares -1.3%.

Mohawk Industries (MHK) delivered earnings and revenue surprises of 1.72% and 0.92%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Mohawk Industries found using ticker (MHK) have now 14 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 248 and 157 calculating the mean target price we have 213.29. With the stocks previous close at 153.92 this indicates there is a potential upside of 38.6%. The 50 day MA is 169.15 while the 200 day moving average is 187.55. The market capitalisation for the company is $10,671m. Visit the company website at: https://www.mohawkind.com [stock_market_widget type="chart" symbol="MHK" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $14,786m based on the market concensus. 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).

Mohawk Industries' (MHK) fourth-quarter earnings are likely to reflect significant inflationary, material, labor and transportation availability challenges.

Stocks Analysis by Zacks Investment Research covering: NVIDIA Corporation, Boston Beer Company Inc, Mohawk Industries Inc, Amark Preci. Read Zacks Investment Research''s latest article on Investing.com

Mohawk Industries: Where Is The Floor?

Technology stocks had a lousy start to 2022. QQQ lost 9% of its value in January. Pandemic winners are getting crushed while energy stocks are surging.

Mohawk Industries (MHK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts have provided the following ratings for Mohawk Industries (NYSE: MHK ) within the last quarter:

Evercore ISI analyst Stephen Kim downgraded  Mohawk Industries Inc (NYSE:MHK) to In-Line from Outperform with a price target of $195, down from $229. The firm forecasts flat housing starts in FY22

Pune, India, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The global ceramic tiles market size was USD 50.84 billion in 2020. The market is projected to grow from USD 54.41 billion in 2021 to USD 77.82 billion in 2028 at a CAGR of 5.2% during the 2021-2028 period. According to our analysts, growth of the market is fuelled by the augmentation in construction projects pooled with the rising investment by nations for the development of the infrastructure. Features such as high robustness, water resilient, cracking resistance, as well as aesthetically enticing, are surging the product demand. This information is provided by Fortune Business Insights , in its report, titled, "Ceramic Tiles Market, 2021-2028. List of Key Players Covered in this Ceramic Tiles Market Report MOHAWK INDUSTRIES INC. (U.S.) SCG CERAMICS (Thailand) Grupo Lamosa (Mexico) Grupo Cedasa (Brazil) RAK CERAMICS (UAE) Cerâmica Carmelo Fior (Brazil) PAMESA CERÁMICA SL (Spain) Kajaria Ceramics Limited (India) STN Cerámica (Spain) Dynasty Ceramic Public Company Limited (Thailand) Cersanit Group (Poland) Somany Ceramics (India) PT Arwana Citramulia Tbk (Indonesia) Vitromex USA, Inc. (U.S.) Kale Group (India) LASSELSBERGER Group (Austria) Elizabeth Group (U.S.) Grupo Celima Trebol (Peru) White Horse Ceramic (Malaysia) Ceramic Industries Group (South Africa) Request a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/ceramic-tiles-market-102377 COVID-19 Impact Disruptions amid COVID-19 Pandemic to Hamper Market Growth The coronavirus outbreak has declined productivity all over the globe, and impacted numerous countries around the globe.

CALHOUN, Ga., Jan. 07, 2022 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) Fourth Quarter 2021 earnings release on Thursday February 10, 2022 you are invited to listen to