Equities analysts forecast that Haverty Furniture Companies, Inc. (NYSE:HVT) will announce earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Haverty Furniture Companies’ earnings. Haverty Furniture Companies reported earnings of $0.28 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 25%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, May 1st.
On average, analysts expect that Haverty Furniture Companies will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.40. For the next fiscal year, analysts anticipate that the company will post earnings of $1.45 per share, with EPS estimates ranging from $1.42 to $1.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Haverty Furniture Companies.
Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.10. The business had revenue of $214.96 million during the quarter, compared to analysts’ expectations of $221.20 million. Haverty Furniture Companies had a net margin of 2.57% and a return on equity of 9.24%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.52 earnings per share.
Shares of NYSE HVT traded up $0.05 during midday trading on Tuesday, reaching $18.45. The company had a trading volume of 99,942 shares, compared to its average volume of 140,991. The stock has a market cap of $379.37, a P/E ratio of 14.74 and a beta of 0.99. Haverty Furniture Companies has a 1 year low of $17.80 and a 1 year high of $27.23. The company has a current ratio of 2.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.17.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.90%. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.15. Haverty Furniture Companies’s dividend payout ratio (DPR) is currently 57.60%.
In other news, VP Jenny H. Parker sold 2,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $20.50, for a total value of $41,000.00. Following the sale, the vice president now owns 33,354 shares in the company, valued at $683,757. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.05% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Haverty Furniture Companies by 4.2% in the fourth quarter. BlackRock Inc. now owns 2,811,047 shares of the company’s stock worth $63,670,000 after acquiring an additional 112,996 shares during the period. Royce & Associates LP increased its stake in shares of Haverty Furniture Companies by 2.1% in the fourth quarter. Royce & Associates LP now owns 994,300 shares of the company’s stock worth $22,521,000 after acquiring an additional 20,400 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Haverty Furniture Companies by 4.9% in the fourth quarter. Bank of New York Mellon Corp now owns 359,552 shares of the company’s stock worth $8,145,000 after acquiring an additional 16,829 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Haverty Furniture Companies by 9.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 279,986 shares of the company’s stock worth $6,342,000 after acquiring an additional 24,886 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Haverty Furniture Companies in the fourth quarter worth $4,341,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.
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Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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