Q3 Earnings Forecast for HVT Issued By Telsey Advisory Group

Haverty Furniture Companies, Inc. (NYSE:HVT - Free Report) - Telsey Advisory Group reduced their Q3 2024 earnings estimates for Haverty Furniture Companies in a research note issued on Thursday, October 24th. Telsey Advisory Group analyst C. Fernandez now expects that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.47. The consensus estimate for Haverty Furniture Companies' current full-year earnings is $1.45 per share. Telsey Advisory Group also issued estimates for Haverty Furniture Companies' Q4 2024 earnings at $0.40 EPS, FY2024 earnings at $1.27 EPS, Q2 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.71 EPS and FY2025 earnings at $2.07 EPS.

Haverty Furniture Companies (NYSE:HVT - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $182.37 million.

Separately, StockNews.com upgraded Haverty Furniture Companies from a "hold" rating to a "buy" rating in a research report on Thursday, October 17th.

Haverty Furniture Companies Stock Down 0.5 %

Shares of NYSE:HVT traded down $0.13 during trading on Friday, hitting $23.74. 145,668 shares of the company were exchanged, compared to its average volume of 182,705. Haverty Furniture Companies has a 1-year low of $23.09 and a 1-year high of $37.05. The company has a market capitalization of $385.44 million, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45. The business's 50 day moving average is $26.37 and its 200-day moving average is $27.35.

Haverty Furniture Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 26th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.39%. Haverty Furniture Companies's dividend payout ratio (DPR) is presently 46.55%.

Institutional Trading of Haverty Furniture Companies

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC lifted its holdings in Haverty Furniture Companies by 1.3% during the 2nd quarter. Acadian Asset Management LLC now owns 31,855 shares of the company's stock worth $804,000 after buying an additional 395 shares during the period. Wulff Hansen & CO. lifted its stake in shares of Haverty Furniture Companies by 2.9% in the second quarter. Wulff Hansen & CO. now owns 22,662 shares of the company's stock worth $573,000 after acquiring an additional 648 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Haverty Furniture Companies by 6.1% in the second quarter. Texas Permanent School Fund Corp now owns 12,388 shares of the company's stock worth $313,000 after acquiring an additional 714 shares during the period. EMC Capital Management boosted its holdings in Haverty Furniture Companies by 10.3% in the first quarter. EMC Capital Management now owns 8,064 shares of the company's stock valued at $275,000 after acquiring an additional 750 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Haverty Furniture Companies by 1.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,706 shares of the company's stock valued at $2,071,000 after purchasing an additional 907 shares during the period. Institutional investors own 80.57% of the company's stock.

About Haverty Furniture Companies

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.