Hooker Furniture (HOFT) Earning Somewhat Favorable Media Coverage, Report Finds

News stories about Hooker Furniture (NASDAQ:HOFT) have trended somewhat positive on Saturday, according to Alpha One. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hooker Furniture earned a media sentiment score of 0.12 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.

Shares of Hooker Furniture (NASDAQ:HOFT) opened at 42.45 on Friday. The company has a 50 day moving average of $41.39 and a 200-day moving average of $34.35. Hooker Furniture has a one year low of $20.29 and a one year high of $46.60. The stock has a market cap of $489.75 million, a price-to-earnings ratio of 19.47 and a beta of 0.76.

Hooker Furniture (NASDAQ:HOFT) last posted its quarterly earnings results on Thursday, April 6th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.31. The firm had revenue of $173.90 million for the quarter, compared to analyst estimates of $156.31 million. Hooker Furniture had a return on equity of 11.54% and a net margin of 3.98%. Hooker Furniture’s quarterly revenue was up 187.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, analysts anticipate that Hooker Furniture will post $2.77 earnings per share for the current year.

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About Hooker Furniture

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

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