$210.55 Million in Sales Expected for Haverty Furniture Companies, Inc. (NYSE:HVT) This Quarter

Brokerages predict that Haverty Furniture Companies, Inc. (NYSE:HVT) will announce $210.55 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Haverty Furniture Companies’ earnings, with the lowest sales estimate coming in at $208.40 million and the highest estimate coming in at $212.70 million. Haverty Furniture Companies also reported sales of $210.55 million during the same quarter last year. The firm is expected to report its next earnings report after the market closes on Wednesday, October 30th.

On average, analysts expect that Haverty Furniture Companies will report full-year sales of $799.70 million for the current fiscal year, with estimates ranging from $794.50 million to $804.90 million. For the next year, analysts expect that the business will report sales of $815.15 million, with estimates ranging from $802.40 million to $827.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Haverty Furniture Companies.

Haverty Furniture Companies (NYSE:HVT) last posted its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $191.90 million for the quarter, compared to analyst estimates of $194.32 million. Haverty Furniture Companies had a net margin of 3.44% and a return on equity of 9.84%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet raised shares of Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Friday, September 13th. Finally, ValuEngine raised Haverty Furniture Companies from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HVT. Hennessy Advisors Inc. purchased a new position in shares of Haverty Furniture Companies during the 2nd quarter valued at $2,076,000. Nuveen Asset Management LLC acquired a new position in shares of Haverty Furniture Companies during the second quarter worth $1,906,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Haverty Furniture Companies during the second quarter worth $1,234,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Haverty Furniture Companies in the 1st quarter valued at $1,303,000. Finally, Foresters Investment Management Company Inc. increased its position in shares of Haverty Furniture Companies by 21.8% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 239,900 shares of the company’s stock valued at $4,085,000 after acquiring an additional 43,000 shares during the period. Hedge funds and other institutional investors own 89.19% of the company’s stock.

Haverty Furniture Companies stock traded down $0.24 during trading on Monday, hitting $20.82. The company had a trading volume of 56,900 shares, compared to its average volume of 136,012. The stock has a market cap of $414.09 million, a price-to-earnings ratio of 14.66 and a beta of 0.91. The company’s 50 day simple moving average is $20.16 and its 200-day simple moving average is $19.29. Haverty Furniture Companies has a 1-year low of $15.81 and a 1-year high of $25.09.

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.

Further Reading: Most Active Stocks

Get a free copy of the Zacks research report on Haverty Furniture Companies (HVT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Haverty Furniture Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies and related companies with MarketBeat.com's FREE daily email newsletter.