Sidoti Csr Issues Negative Forecast for HVT Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities research analysts at Sidoti Csr lowered their Q4 2024 earnings estimates for Haverty Furniture Companies in a report issued on Tuesday, January 21st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.18 for the quarter, down from their previous estimate of $0.30. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $0.88 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.23 EPS and FY2025 earnings at $1.74 EPS.

Haverty Furniture Companies (NYSE:HVT) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.19). The firm had revenue of $175.91 million for the quarter, compared to analyst estimates of $192.85 million. Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. During the same period in the previous year, the business posted $1.02 EPS.

Separately, StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

Haverty Furniture Companies Trading Down 0.1 %

NYSE HVT opened at $22.60 on Thursday. The firm has a market cap of $370.92 million, a price-to-earnings ratio of 14.22, a PEG ratio of 1.01 and a beta of 1.48. The company has a 50 day moving average of $22.65 and a 200-day moving average of $24.93. Haverty Furniture Companies has a 1-year low of $21.05 and a 1-year high of $37.05.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Tuesday, November 26th. Haverty Furniture Companies’s dividend payout ratio is currently 80.50%.

Institutional Trading of Haverty Furniture Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its holdings in shares of Haverty Furniture Companies by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock valued at $152,000 after purchasing an additional 548 shares in the last quarter. Koss Olinger Consulting LLC grew its holdings in Haverty Furniture Companies by 7.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 15,244 shares of the company’s stock worth $419,000 after acquiring an additional 991 shares during the period. Public Sector Pension Investment Board grew its holdings in Haverty Furniture Companies by 5.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 29,317 shares of the company’s stock worth $741,000 after acquiring an additional 1,638 shares during the period. AXA S.A. grew its holdings in Haverty Furniture Companies by 4.9% during the 2nd quarter. AXA S.A. now owns 36,921 shares of the company’s stock worth $934,000 after acquiring an additional 1,721 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Haverty Furniture Companies by 22.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,349 shares of the company’s stock worth $297,000 after acquiring an additional 2,426 shares during the period. Institutional investors and hedge funds own 80.57% of the company’s stock.

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.