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.
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.
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