Hooker Furnishings (NASDAQ:HOFT) Issues Quarterly Earnings Results

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.15), Zacks reports. The business had revenue of $104.46 million for the quarter, compared to the consensus estimate of $101.25 million. Hooker Furnishings had a negative return on equity of 3.51% and a negative net margin of 2.46%. During the same quarter last year, the company earned $0.06 earnings per share.

Hooker Furnishings Trading Up 14.8 %

Shares of HOFT stock traded up $1.12 on Friday, reaching $8.69. 257,217 shares of the stock were exchanged, compared to its average volume of 42,265. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.16 and a quick ratio of 1.76. Hooker Furnishings has a one year low of $7.34 and a one year high of $19.79. The stock has a market cap of $93.07 million, a PE ratio of -9.55, a P/E/G ratio of 0.85 and a beta of 1.23. The stock has a 50 day moving average price of $11.11 and a 200 day moving average price of $14.07.

Hooker Furnishings Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 10.59%. The ex-dividend date was Monday, March 17th. Hooker Furnishings's dividend payout ratio is -101.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hooker Furnishings from a "hold" rating to a "sell" rating in a report on Sunday.

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.