Analysts Expect Stanley Furniture Co. (STLY) to Announce ($0.03) EPS
Stanley Furniture Co. (NASDAQ:STLY) has received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Stanley Furniture an industry rank of 114 out of 265 based on the ratings given to related companies.
Several research firms have weighed in on STLY. Zacks Investment Research raised Stanley Furniture from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 21st. TheStreet upgraded Stanley Furniture from a “sell” rating to a “hold” rating in a research report on Friday, August 19th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/analysts-expect-stanley-furniture-co-stly-to-announce-0-03-eps.html
Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Stanley Furniture by 55.0% in the first quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $364,000 after buying an additional 48,700 shares in the last quarter. Ancora Advisors LLC increased its stake in shares of Stanley Furniture by 13.1% in the second quarter. Ancora Advisors LLC now owns 387,361 shares of the company’s stock valued at $949,000 after buying an additional 45,000 shares in the last quarter. Weber Alan W increased its stake in shares of Stanley Furniture by 0.9% in the second quarter. Weber Alan W now owns 55,500 shares of the company’s stock valued at $136,000 after buying an additional 500 shares in the last quarter. Finally, Bridgeway Capital Management Inc. increased its stake in shares of Stanley Furniture by 4.4% in the second quarter. Bridgeway Capital Management Inc. now owns 176,883 shares of the company’s stock valued at $433,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 33.35% of the company’s stock.
Stanley Furniture (NASDAQ:STLY) remained flat at $1.74 during trading on Monday. 4,581 shares of the stock were exchanged. The company’s 50-day moving average price is $1.82 and its 200-day moving average price is $2.45. The stock’s market cap is $25.63 million. Stanley Furniture has a 52-week low of $1.66 and a 52-week high of $3.65.
Stanley Furniture (NASDAQ:STLY) last posted its earnings results on Monday, July 25th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.09. The firm earned $12.05 million during the quarter. Stanley Furniture had a negative net margin of 2.91% and a negative return on equity of 3.01%. The business’s revenue was down 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. Equities analysts anticipate that Stanley Furniture will post ($0.26) EPS for the current fiscal year.
About Stanley Furniture
Stanley Furniture Company, Inc is a design, marketing and sourcing resource in the wood residential furniture market. The Company’s segment is sale of residential wood furniture products. The Company markets its brands through a network of brick-and-mortar furniture retailers, online retailers and interior designers around the world.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stanley Furniture Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Furniture Co. and related companies with MarketBeat.com's FREE daily email newsletter.