What is Sidoti Csr’s Estimate for HVT Q3 Earnings?

Haverty Furniture Companies, Inc. (NYSE:HVT) – Equities researchers at Sidoti Csr dropped their Q3 2024 earnings per share (EPS) estimates for shares of Haverty Furniture Companies in a research report issued to clients and investors on Monday, October 28th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.49 per share for the quarter, down from their prior forecast of $0.52. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $1.45 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q4 2024 earnings at $0.62 EPS and FY2024 earnings at $1.52 EPS.

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

Haverty Furniture Companies Price Performance

Shares of HVT stock opened at $23.94 on Tuesday. The company has a market cap of $388.69 million, a price-to-earnings ratio of 8.71, a PEG ratio of 1.42 and a beta of 1.45. The firm has a fifty day moving average price of $26.19 and a 200-day moving average price of $27.20. Haverty Furniture Companies has a 1 year low of $23.09 and a 1 year high of $37.05.

Haverty Furniture Companies (NYSE:HVT) last announced its earnings results on Wednesday, July 31st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. Haverty Furniture Companies had a net margin of 4.91% and a return on equity of 12.58%. The business had revenue of $178.60 million during the quarter, compared to analyst estimates of $182.37 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Haverty Furniture Companies by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,105,487 shares of the company’s stock valued at $37,719,000 after acquiring an additional 17,354 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in Haverty Furniture Companies by 2,503.4% during the 2nd quarter. Wulff Hansen & CO. now owns 573,122 shares of the company’s stock worth $14,494,000 after buying an additional 551,108 shares in the last quarter. American Century Companies Inc. lifted its holdings in Haverty Furniture Companies by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 320,672 shares of the company’s stock worth $8,110,000 after buying an additional 51,302 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Haverty Furniture Companies by 28.3% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 145,895 shares of the company’s stock valued at $3,690,000 after purchasing an additional 32,175 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Haverty Furniture Companies in the 2nd quarter valued at $3,161,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Haverty Furniture Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 26th were issued a $0.32 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.35%. Haverty Furniture Companies’s dividend payout ratio is currently 46.55%.

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.