Why Mohawk Industries, Cabot Oil & Gas, and Fortive Slumped Today [The Motley Fool]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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US:NYSE Investor Relations:
mohawkind.com/corporateiroverview.aspx
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Source: The Motley Fool
Why Mohawk Industries, Cabot Oil & Gas, and Fortive Slumped Today These companies fell in the wake of their respective earnings reports despite the broader market's gains. The broader market edged even higher into record territory on Friday, buoyed in part by strong earnings releases in the tech sector and better-than-expected U.S. GDP growth. Despite the overall positive mood on Wall Street, disappointing second-quarter earnings reports dragged down shares of Mohawk Industries ( NYSE:MHK ) , Cabot Oil & Gas ( NYSE:COG ) , and Fortive ( NYSE:FTV ) . Shares of Mohawk plunged nearly 18% following the flooring specialist's second-quarter earnings release, which included cautious commentary from management. Revenue came in at $2.6 billion, relatively unchanged from a year ago. That led to adjusted net income of $210 million, or $2.89 per share. Analysts were modeling for $2.7 billion in sales and $2.87 per share in adjusted profit. Though the company beat bottom-line expectations, CEO
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News
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $124.00. They now have a "neutral" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE:MHK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Barclays PLC from $122.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target lowered by analysts at Loop Capital from $140.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Mohawk Industries, Inc. (NYSE: MHK) had its price target raised by analysts at Truist Financial Co. from $127.00 to $140.00. They now have a "buy" rating on the stock.MarketBeat
MHK
Earnings
- 4/25/24 - Beat
MHK
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- MHK's page on the SEC website