FY2024 Earnings Estimate for HVT Issued By Sidoti Csr

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities researchers at Sidoti Csr dropped their FY2024 earnings estimates for Haverty Furniture Companies in a research note issued on Tuesday, January 21st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.89 for the year, down from their prior forecast of $1.00. 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’ Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.74 EPS, Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.85 EPS and Q4 2026 earnings at $1.06 EPS.

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

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 Trading Up 1.2 %

Shares of NYSE:HVT opened at $22.91 on Wednesday. The firm has a 50 day moving average of $22.65 and a 200-day moving average of $24.93. The stock has a market capitalization of $375.95 million, a PE ratio of 14.41, a PEG ratio of 1.01 and a beta of 1.48. Haverty Furniture Companies has a 12 month low of $21.05 and a 12 month high of $37.05.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 26th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.28 dividend on an annualized basis and a yield of 5.59%. Haverty Furniture Companies’s dividend payout ratio (DPR) is presently 80.50%.

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. Pzena Investment Management LLC bought a new stake in Haverty Furniture Companies during the third quarter valued at approximately $19,768,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Haverty Furniture Companies by 27.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock valued at $11,701,000 after buying an additional 92,600 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Haverty Furniture Companies by 1,258.1% during the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock valued at $9,996,000 after buying an additional 337,099 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at $3,161,000. Finally, American Century Companies Inc. boosted its holdings in shares of Haverty Furniture Companies by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock valued at $8,110,000 after buying an additional 51,302 shares in the last quarter. Institutional investors own 80.57% of the company’s stock.

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.