Stock Market Watch

Mohawk Industries – Issues downside guidance for Q4, may consider further price increases

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Mohawk Industries, Inc. (NYSE:MHK). Last Market Price: 53.01, Change: +0.63, % Change: (1.20%). Shares trade in the range of 49.87 – 53.58 dollars. It has a market capitalization of 3.64B dollars, making it a Mid Cap Stock and has 68.76M outstanding shares. The company has a beta of 2.18, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 2.63; P/E of 20.15 indicating, the stock to be overvalued or expected increase in company earnings. It operates in Consumer Cyclical sector and belongs to Textiles – Non Apparel industry. Percentage shares held by institutional investors is 82%. The company has a 52 week Price range (low – high) of $ 39.93 – 68.86. Average volumes of shares traded daily are 735,167. Volume traded in the last session was at 690,813, 0.94 times the average volume.

  • Reports Q3 (Sep)
    • EPS of $0.83, worse than the estimates
    • Revenues rose 10.2% year  on year to $1.44 billion.
  • Company issues downside guidance for Q4, sees EPS of $0.67-0.76
  • States: In the fourth quarter, we will be impacted by higher third quarter raw material costs; however we are currently seeing some moderation which will benefit next year. We will consider further price increases as appropriate and implement additional cost reductions to improve the business

For Q3 (Jul ’11), It had a Net profit margin of 4.20%, an Operating margin of 6.88%. Other Key stats and ratios are : Return on average assets of 3.94%, Return on average equity of 7.05%. The organization has an employee strength of 26,900

Consensus Recommendation is a Outperform.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 1,325.94 million dollars, an estimate high of 1,387.00 million dollars and an estimate low of 1,289.00 million dollars. A year ago the figures stood at 1,429.51 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 1,385.53 million dollars, an estimate high of 1,425.90 million dollars and an estimate low of 1,364.30 million dollars. A year ago the figures stood at 1,484.50 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.80 dollars, an estimate high of 0.96 dollars and an estimate low of 0.66 dollars. A year ago the figures stood at 0.81 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.69 dollars, an estimate high of 0.98 dollars and an estimate low of 0.50 dollars. A year ago the figures stood at 0.91 dollars.

Sales for Quarter Ending Sep-11 was estimated at 1,379.02 million dollars, however the actual sales figure stood at 1,442.51 million dollars, 63.5 million dollars more than estimates.

Sales for Quarter Ending Jun-11 was estimated at 1,451.32 million dollars, however the actual sales figure stood at 1,477.85 million dollars, 26.54 million dollars more than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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