Haverty Furniture Companies (HVT) Issues Earnings Results

Haverty Furniture Companies (NYSE:HVT) posted its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01, Yahoo Finance reports. The company had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $212.43 million. Haverty Furniture Companies had a net margin of 2.61% and a return on equity of 9.29%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS.

Shares of HVT stock traded down $0.38 during trading hours on Wednesday, hitting $20.40. 39,745 shares of the company were exchanged, compared to its average volume of 70,757. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 2.29. Haverty Furniture Companies has a one year low of $17.70 and a one year high of $25.35. The stock has a market capitalization of $418.08 million, a price-to-earnings ratio of 16.32 and a beta of 0.85.

In related news, Director G. Thomas Hough purchased 2,000 shares of Haverty Furniture Companies stock in a transaction dated Wednesday, August 8th. The shares were acquired at an average price of $21.50 per share, with a total value of $43,000.00. Following the completion of the transaction, the director now owns 1,883 shares of the company’s stock, valued at approximately $40,484.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.05% of the company’s stock.

A number of research firms have weighed in on HVT. ValuEngine raised shares of Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, October 10th. Finally, TheStreet raised shares of Haverty Furniture Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 23rd.

Haverty Furniture Companies Company Profile

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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Earnings History for Haverty Furniture Companies (NYSE:HVT)

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