Brokerages predict that Haverty Furniture Companies, Inc. (NYSE:HVT) will post earnings of $0.40 per share for the current quarter, according to Zacks. Two analysts have made estimates for Haverty Furniture Companies’ earnings, with estimates ranging from $0.35 to $0.45. Haverty Furniture Companies also reported earnings of $0.40 per share in the same quarter last year. The firm is expected to report its next quarterly earnings report on Tuesday, February 19th.
On average, analysts expect that Haverty Furniture Companies will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.32 to $1.42. For the next fiscal year, analysts expect that the firm will report earnings of $1.38 per share, with EPS estimates ranging from $1.37 to $1.39. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Haverty Furniture Companies.
Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Haverty Furniture Companies had a return on equity of 10.11% and a net margin of 2.89%. The company had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $212.43 million. During the same period last year, the firm posted $0.28 earnings per share. Haverty Furniture Companies’s revenue was up 1.4% compared to the same quarter last year.
HVT has been the topic of several recent analyst reports. Zacks Investment Research cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 3rd. ValuEngine cut Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, TheStreet raised Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 23rd.
A number of large investors have recently made changes to their positions in HVT. SG Americas Securities LLC purchased a new position in Haverty Furniture Companies in the second quarter worth about $166,000. Engineers Gate Manager LP purchased a new position in Haverty Furniture Companies in the third quarter worth about $236,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Haverty Furniture Companies in the third quarter worth about $290,000. First Trust Advisors LP raised its stake in shares of Haverty Furniture Companies by 17.3% in the second quarter. First Trust Advisors LP now owns 21,883 shares of the company’s stock worth $473,000 after buying an additional 3,223 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Haverty Furniture Companies by 104.6% in the third quarter. Russell Investments Group Ltd. now owns 28,151 shares of the company’s stock worth $623,000 after buying an additional 14,391 shares during the period. 81.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Haverty Furniture Companies stock traded down $0.19 during trading on Friday, hitting $21.40. 61,425 shares of the company’s stock traded hands, compared to its average volume of 82,850. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.28 and a quick ratio of 1.21. Haverty Furniture Companies has a 1 year low of $17.70 and a 1 year high of $25.10. The stock has a market capitalization of $453.31 million, a PE ratio of 17.12 and a beta of 0.81.
About Haverty Furniture Companies
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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