Haverty Furniture Companies, Inc. (HVT) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Haverty Furniture Companies, Inc. (NYSE:HVT) released its quarterly earnings results on Monday. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04, RTT News reports. Haverty Furniture Companies had a return on equity of 10.58% and a net margin of 3.67%. The business had revenue of $207.60 million during the quarter, compared to analysts’ expectations of $215.32 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year.
Haverty Furniture Companies (NYSE HVT) traded down 0.62% during midday trading on Tuesday, hitting $23.85. The stock had a trading volume of 188,767 shares. The stock has a 50-day moving average price of $24.88 and a 200 day moving average price of $24.23. The firm has a market cap of $506.05 million, a PE ratio of 16.83 and a beta of 1.07. Haverty Furniture Companies has a one year low of $17.25 and a one year high of $27.23.
Separately, Zacks Investment Research upgraded Haverty Furniture Companies from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th.
In related news, insider Rawson Haverty, Jr. sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $23.83, for a total transaction of $33,147.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.31% of the company’s stock.
Haverty Furniture Companies Company Profile
Haverty Furniture Companies, Inc is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company’s retail store space totaled approximately 4.5 million square feet for 124 stores.
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