Haverty Furniture Companies (HVT) to Release Earnings on Wednesday

Haverty Furniture Companies (NYSE:HVT) is set to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Haverty Furniture Companies to post earnings of $0.17 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.98%. The business had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $192.70 million. On average, analysts expect Haverty Furniture Companies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Haverty Furniture Companies Stock Up 0.1 %

Shares of Haverty Furniture Companies stock traded up $0.04 during trading on Tuesday, reaching $28.31. The company’s stock had a trading volume of 22,492 shares, compared to its average volume of 128,883. The firm’s 50-day moving average is $26.20 and its two-hundred day moving average is $30.35. Haverty Furniture Companies has a 52-week low of $23.09 and a 52-week high of $37.05. The company has a market cap of $459.75 million, a price-to-earnings ratio of 10.28, a PEG ratio of 1.55 and a beta of 1.44.

Haverty Furniture Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a dividend of $0.32 per share. This is a positive change from Haverty Furniture Companies’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, May 23rd. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of Haverty Furniture Companies in a report on Thursday, May 2nd. StockNews.com lowered shares of Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th.

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.