Haverty Furniture Companies, Inc. (HVT) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Haverty Furniture Companies, Inc. (NYSE:HVT) announced its earnings results on Monday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04, RTT News reports. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. The firm had revenue of $207.60 million during the quarter, compared to the consensus estimate of $215.32 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year.
Shares of Haverty Furniture Companies (HVT) traded down 0.62% during mid-day trading on Tuesday, reaching $23.85. The company had a trading volume of 188,767 shares. The company has a market capitalization of $506.05 million, a price-to-earnings ratio of 16.83 and a beta of 1.07. Haverty Furniture Companies has a 12 month low of $17.25 and a 12 month high of $27.23. The firm’s 50-day moving average is $24.88 and its 200 day moving average is $24.23.
In other Haverty Furniture Companies news, insider Rawson Haverty, Jr. sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $23.83, for a total transaction of $33,147.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.31% of the stock is owned by insiders.
Separately, Zacks Investment Research downgraded Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.
About Haverty Furniture Companies
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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