Haverty Furniture Cos. (HVT) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
Haverty Furniture Cos. (NYSE:HVT) announced its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02, Analyst RN reports. The company had revenue of $181.74 million for the quarter, compared to the consensus estimate of $181.40 million. The company’s revenue for the quarter was down 2.3% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Raymond James cut their price target on shares of Haverty Furniture Cos. from $33.00 to $30.00 in a research note on Wednesday, April 9th. On a related note, analysts at Zacks downgraded shares of Haverty Furniture Cos. from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, analysts at Zacks upgraded shares of Haverty Furniture Cos. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. They now have a $33.70 price target on the stock.
Shares of Haverty Furniture Cos. (NYSE:HVT) traded up 0.47% during mid-day trading on Thursday, hitting $25.66. The stock had a trading volume of 199,873 shares. Haverty Furniture Cos. has a 52 week low of $21.09 and a 52 week high of $31.67. The stock has a 50-day moving average of $27.71 and a 200-day moving average of $28.0. The company has a market cap of $577.7 million and a P/E ratio of 18.11.
Haverty Furniture Companies, Inc (NYSE:HVT) is a specialty retailer of residential furniture and accessories.
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