Hooker Furnishings (NASDAQ:HOFT) Posts Earnings Results, Misses Expectations By $0.06 EPS

Hooker Furnishings (NASDAQ:HOFT) announced its quarterly earnings data on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), Yahoo Finance reports. The business had revenue of $95.08 million during the quarter, compared to analysts’ expectations of $93.54 million. Hooker Furnishings had a net margin of 1.07% and a return on equity of 1.92%. During the same period last year, the company posted $0.07 EPS.

Hooker Furnishings Price Performance

HOFT opened at $15.71 on Friday. Hooker Furnishings has a 1 year low of $13.09 and a 1 year high of $27.15. The stock’s 50 day simple moving average is $14.86 and its 200 day simple moving average is $17.80. The firm has a market cap of $167.81 million, a price-to-earnings ratio of 40.28, a PEG ratio of 12.57 and a beta of 1.20.

Hooker Furnishings Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.23 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.92 annualized dividend and a dividend yield of 5.86%. Hooker Furnishings’s dividend payout ratio is currently 235.90%.

Insider Activity

In other news, Director Tonya Harris Jackson bought 1,850 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were bought at an average cost of $13.61 per share, with a total value of $25,178.50. Following the completion of the purchase, the director now directly owns 25,229 shares in the company, valued at $343,366.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

About Hooker Furnishings

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.