Wall Street analysts expect Haverty Furniture Companies, Inc. (NYSE:HVT) to post sales of $210.55 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Haverty Furniture Companies’ earnings, with the highest sales estimate coming in at $212.70 million and the lowest estimate coming in at $208.40 million. Haverty Furniture Companies also posted sales of $210.55 million during the same quarter last year. The company is scheduled to announce its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that Haverty Furniture Companies will report full-year sales of $799.70 million for the current financial year, with estimates ranging from $794.50 million to $804.90 million. For the next financial year, analysts anticipate that the company will report sales of $815.15 million, with estimates ranging from $802.40 million to $827.90 million. Zacks’ sales calculations 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 posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Haverty Furniture Companies had a return on equity of 9.84% and a net margin of 3.44%. The company had revenue of $191.90 million during the quarter, compared to analyst estimates of $194.32 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis.
A number of research firms recently weighed in on HVT. ValuEngine raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet lowered Haverty Furniture Companies from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Finally, Zacks Investment Research lowered Haverty Furniture Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd.
HVT stock opened at $19.52 on Wednesday. Haverty Furniture Companies has a twelve month low of $15.81 and a twelve month high of $25.09. The company has a market cap of $355.84 million, a price-to-earnings ratio of 13.75 and a beta of 0.98. The company’s 50 day moving average is $17.86.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 26th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, August 23rd. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.18. Haverty Furniture Companies’s dividend payout ratio (DPR) is 50.70%.
In other Haverty Furniture Companies news, Director G. Thomas Hough bought 3,000 shares of Haverty Furniture Companies stock in a transaction on Friday, May 17th. The stock was acquired at an average price of $17.91 per share, with a total value of $53,730.00. Following the acquisition, the director now owns 4,748 shares in the company, valued at $85,036.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Steven G. Burdette sold 4,700 shares of Haverty Furniture Companies stock in a transaction on Friday, May 17th. The stock was sold at an average price of $18.10, for a total value of $85,070.00. Following the completion of the sale, the vice president now directly owns 5,233 shares of the company’s stock, valued at approximately $94,717.30. The disclosure for this sale can be found here. 9.27% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of HVT. Meeder Asset Management Inc. bought a new stake in shares of Haverty Furniture Companies in the 2nd quarter worth $29,000. BNP Paribas Arbitrage SA increased its holdings in shares of Haverty Furniture Companies by 124.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,983 shares of the company’s stock worth $87,000 after purchasing an additional 2,208 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Haverty Furniture Companies by 360.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,836 shares of the company’s stock worth $110,000 after purchasing an additional 4,568 shares in the last quarter. Investors Research Corp bought a new stake in shares of Haverty Furniture Companies in the 1st quarter worth $186,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Haverty Furniture Companies by 33.8% in the 2nd quarter. Pacer Advisors Inc. now owns 11,380 shares of the company’s stock worth $194,000 after purchasing an additional 2,877 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.
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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