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) – Equities researchers at Sidoti Csr dropped their Q1 2024 earnings per share (EPS) estimates for Haverty Furniture Companies in a research report issued to clients and investors on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their prior forecast 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.

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

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

HVT opened at $30.41 on Thursday. The company has a market capitalization of $491.12 million, a price-to-earnings ratio of 9.08, a price-to-earnings-growth 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. The business has a 50 day moving average price of $33.01 and a two-hundred day moving average price of $32.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in shares of Haverty Furniture Companies by 8.8% during the 3rd quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock valued at $9,280,000 after acquiring an additional 26,157 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Haverty Furniture Companies by 109.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 59,178 shares of the company’s stock worth $2,101,000 after purchasing an additional 30,894 shares in the last quarter. Swiss National Bank grew its position in shares of Haverty Furniture Companies by 2.1% during the 3rd quarter. Swiss National Bank now owns 29,700 shares of the company’s stock worth $855,000 after purchasing an additional 600 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Haverty Furniture Companies by 58.6% during the 3rd quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock worth $3,288,000 after acquiring an additional 42,198 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Haverty Furniture Companies by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,501 shares of the company’s stock worth $8,620,000 after acquiring an additional 7,620 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were issued a dividend of $0.30 per share. 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 (DPR) is 35.82%.

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.