Haverty Furniture Companies, Inc. to Post Q1 2024 Earnings of $0.35 Per Share, Sidoti Csr Forecasts (NYSE:HVT)

Haverty Furniture Companies, Inc. (NYSE:HVT) – Stock analysts at Sidoti Csr reduced their Q1 2024 earnings estimates for Haverty Furniture Companies in a research note issued to investors on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.35 per share for the quarter, down from their prior estimate of $0.43. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $2.45 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q2 2024 earnings at $0.44 EPS, Q3 2024 earnings at $0.97 EPS, Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $2.67 EPS, Q1 2025 earnings at $0.79 EPS, Q2 2025 earnings at $0.72 EPS, Q3 2025 earnings at $1.16 EPS and FY2025 earnings at $3.78 EPS.

Separately, StockNews.com downgraded shares of Haverty Furniture Companies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th.

Haverty Furniture Companies Price Performance

Shares of HVT opened at $30.41 on Thursday. The firm’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $32.26. The company has a market capitalization of $491.12 million, a P/E ratio of 9.08, a P/E/G ratio of 1.04 and a beta of 1.53. Haverty Furniture Companies has a 1-year low of $25.05 and a 1-year high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). Haverty Furniture Companies had a return on equity of 18.36% and a net margin of 6.53%. The firm had revenue of $210.74 million during the quarter, compared to analysts’ expectations of $230.06 million.

Haverty Furniture Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Friday, March 8th. Haverty Furniture Companies’s dividend payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP raised its stake in shares of Haverty Furniture Companies by 108.4% during the first quarter. Quarry LP now owns 794 shares of the company’s stock worth $25,000 after acquiring an additional 413 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Haverty Furniture Companies by 75.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,142 shares of the company’s stock worth $34,000 after purchasing an additional 490 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Haverty Furniture Companies in the third quarter worth approximately $56,000. AJOVista LLC bought a new position in shares of Haverty Furniture Companies in the fourth quarter worth approximately $71,000. Finally, Captrust Financial Advisors grew its holdings in shares of Haverty Furniture Companies by 74.8% in the first quarter. Captrust Financial Advisors now owns 3,500 shares of the company’s stock worth $96,000 after purchasing an additional 1,498 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.