Hooker Furnishings (NASDAQ:HOFT) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Hooker Furnishings (NASDAQ:HOFT) released its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15), Zacks reports. The company had revenue of $104.46 million during the quarter, compared to analysts’ expectations of $101.25 million. Hooker Furnishings had a negative net margin of 2.46% and a negative return on equity of 3.51%. During the same quarter in the previous year, the firm posted $0.06 earnings per share.

Hooker Furnishings Stock Up 14.8 %

Shares of NASDAQ:HOFT opened at $8.69 on Friday. The stock has a 50-day simple moving average of $11.11 and a 200-day simple moving average of $14.09. The stock has a market capitalization of $93.07 million, a P/E ratio of -9.55, a PEG ratio of 0.85 and a beta of 1.23. Hooker Furnishings has a 1 year low of $7.34 and a 1 year high of $19.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16.

Hooker Furnishings Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.23 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.59%. Hooker Furnishings’s dividend payout ratio (DPR) is -101.10%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Hooker Furnishings from a “sell” rating to a “hold” rating in a research note on Saturday, April 12th.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.