Hooker Furnishings (HOFT) to Release Earnings on Thursday

Hooker Furnishings (NASDAQ:HOFT) will likely be posting its quarterly earnings results before the market opens on Thursday, April 10th. Analysts expect Hooker Furnishings to post earnings of $0.10 per share and revenue of $101.25 million for the quarter.

Hooker Furnishings Price Performance

Shares of NASDAQ HOFT opened at $10.39 on Thursday. Hooker Furnishings has a twelve month low of $9.86 and a twelve month high of $23.85. The business has a 50 day simple moving average of $12.40 and a 200-day simple moving average of $14.95. The company has a current ratio of 3.16, a quick ratio of 1.76 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $111.28 million, a price-to-earnings ratio of -11.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.16.

Hooker Furnishings Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.85%. The ex-dividend date was Monday, March 17th. Hooker Furnishings’s dividend payout ratio is currently -101.10%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hooker Furnishings from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

About Hooker Furnishings

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.