Mohawk Industries has been the focus of various market activities. Entropy Technologies LP has bought 5,899 shares while Stratos Wealth Partners has invested $536,000. State of Alaska Department of Revenue purchased 5,855 shares of this flooring giant too. However, there have been some sales, for instance Savant Capital LLC selling 3,659 shares. Several financial entities have lowered the stock's target price. Mohawk topped Q4 earnings and revenue estimates, though faced a downgrade due to high mortgage rates. Despite the market challenges and system process issues, the company presented a resilient outlook in their Q4 2024 Earnings Call. While the earnings for Q4 didn't meet the target, revenue exceeded the mark, sitting at $2.6 billion. Some analysts are bullish about their future earnings growth, predicting inflection in FY25. The company's sound financial performance in Q4 is worthy of note, despite weak earnings causing the stock to dip. However, with the system conversion challenges being addressed, analysts like Wolfe Research have steadily raised the stock's rating.
Mohawk Industries MHK News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 11:25:31 GMT -
Rating -3
- Innovation 2
- Information 3
- Rumor -2
