Sidoti Csr Issues Negative Forecast for HVT Earnings

Haverty Furniture Companies, Inc. (NYSE:HVT) – Research analysts at Sidoti Csr cut their Q4 2024 earnings estimates for shares of Haverty Furniture Companies in a note issued to investors on Tuesday, January 21st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings of $0.18 per share for the quarter, down from their prior 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.

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

Haverty Furniture Companies Stock Down 0.1 %

Shares of NYSE HVT opened at $22.60 on Thursday. The company’s fifty day moving average is $22.65 and its 200-day moving average is $24.93. The stock has a market cap of $370.92 million, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.01 and a beta of 1.48. Haverty Furniture Companies has a twelve month low of $21.05 and a twelve month high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.19). The firm had revenue of $175.91 million for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.02 earnings per share.

Hedge Funds Weigh In On Haverty Furniture Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HVT. Point72 DIFC Ltd acquired a new position in Haverty Furniture Companies in the 3rd quarter worth $70,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Haverty Furniture Companies during the 3rd quarter worth about $88,000. US Bancorp DE acquired a new position in shares of Haverty Furniture Companies during the 3rd quarter worth about $109,000. Harbor Capital Advisors Inc. boosted its stake in shares of Haverty Furniture Companies by 8.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after buying an additional 548 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Haverty Furniture Companies during the 3rd quarter worth about $185,000. 80.57% of the stock is owned by institutional investors and hedge funds.

Haverty Furniture Companies Announces Dividend

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

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.