What is Sidoti Csr’s Forecast for HVT Q4 Earnings?

Haverty Furniture Companies, Inc. (NYSE:HVT) – Investment analysts at Sidoti Csr reduced their Q4 2024 EPS estimates for shares of Haverty Furniture Companies in a research report issued to clients and investors on Tuesday, January 21st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.18 per share for the quarter, down from their prior forecast 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.

Haverty Furniture Companies (NYSE:HVT) last posted 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). Haverty Furniture Companies had a return on equity of 8.69% and a net margin of 3.57%. The company had revenue of $175.91 million for the quarter, compared to analyst estimates of $192.85 million. During the same period last year, the company earned $1.02 earnings per share.

Separately, StockNews.com lowered 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 0.2 %

Haverty Furniture Companies stock opened at $22.90 on Thursday. Haverty Furniture Companies has a 52 week low of $21.05 and a 52 week high of $37.05. The firm’s 50-day simple moving average is $22.66 and its 200 day simple moving average is $24.91. The firm has a market capitalization of $375.71 million, a PE ratio of 14.40, a P/E/G ratio of 1.20 and a beta of 1.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pzena Investment Management LLC purchased a new position in Haverty Furniture Companies in the 3rd quarter valued at about $19,768,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Haverty Furniture Companies by 27.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 425,940 shares of the company’s stock valued at $11,701,000 after purchasing an additional 92,600 shares in the last quarter. Jane Street Group LLC lifted its holdings in Haverty Furniture Companies by 1,258.1% in the 3rd quarter. Jane Street Group LLC now owns 363,894 shares of the company’s stock valued at $9,996,000 after purchasing an additional 337,099 shares in the last quarter. Millennium Management LLC purchased a new position in Haverty Furniture Companies in the 2nd quarter valued at about $3,161,000. Finally, Paloma Partners Management Co purchased a new position in Haverty Furniture Companies in the 3rd quarter valued at about $634,000. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

Haverty Furniture Companies Announces Dividend

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

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.