Brokerages Anticipate Haverty Furniture Companies, Inc. (HVT) to Announce $0.28 Earnings Per Share

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Brokerages expect Haverty Furniture Companies, Inc. (NYSE:HVT) to announce earnings per share of $0.28 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Haverty Furniture Companies’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.27. Haverty Furniture Companies reported earnings of $0.29 per share in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The company is scheduled to issue its next earnings report on Tuesday, July 30th.

On average, analysts expect that Haverty Furniture Companies will report full-year earnings of $1.33 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $1.45 per share, with EPS estimates ranging from $1.40 to $1.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Haverty Furniture Companies.

Haverty Furniture Companies (NYSE:HVT) last issued its earnings results on Tuesday, April 30th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). Haverty Furniture Companies had a net margin of 3.43% and a return on equity of 9.68%. The company had revenue of $187.24 million during the quarter, compared to analysts’ expectations of $198.82 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year.

Several research firms recently issued reports on HVT. Zacks Investment Research lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research note on Thursday, March 7th. TheStreet raised Haverty Furniture Companies from a “c+” rating to a “b-” rating in a research note on Thursday, February 14th.

In related news, SVP Rawson Haverty, Jr. sold 4,257 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $23.22, for a total transaction of $98,847.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alfredo Trujillo sold 5,136 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.28, for a total value of $124,702.08. Following the transaction, the director now directly owns 15,665 shares in the company, valued at approximately $380,346.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,438 shares of company stock worth $822,955. 9.27% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Arizona State Retirement System increased its holdings in shares of Haverty Furniture Companies by 4.9% in the 4th quarter. Arizona State Retirement System now owns 29,224 shares of the company’s stock valued at $549,000 after acquiring an additional 1,369 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Haverty Furniture Companies in the 4th quarter valued at about $903,000. Nisa Investment Advisors LLC increased its holdings in shares of Haverty Furniture Companies by 1,090.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,950 shares of the company’s stock valued at $112,000 after acquiring an additional 5,450 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Haverty Furniture Companies by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 1,124,571 shares of the company’s stock valued at $24,852,000 after acquiring an additional 26,333 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Haverty Furniture Companies by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,124,571 shares of the company’s stock valued at $24,852,000 after acquiring an additional 26,333 shares during the last quarter. Institutional investors own 83.58% of the company’s stock.

Shares of Haverty Furniture Companies stock opened at $18.10 on Monday. Haverty Furniture Companies has a 52 week low of $17.73 and a 52 week high of $25.09. The firm has a market capitalization of $368.61 million, a PE ratio of 12.75 and a beta of 0.84.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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