Equities analysts predict that Haverty Furniture Companies, Inc. (NYSE:HVT) will announce earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Haverty Furniture Companies’ earnings, with estimates ranging from $0.35 to $0.45. Haverty Furniture Companies also reported earnings of $0.40 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 19th.

On average, analysts expect that Haverty Furniture Companies will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.42. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.38 per share, with EPS estimates ranging from $1.37 to $1.39. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Haverty Furniture Companies.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. Haverty Furniture Companies had a return on equity of 10.11% and a net margin of 2.89%. The firm had revenue of $210.50 million during the quarter, compared to the consensus estimate of $212.43 million. During the same period in the prior year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.

Several analysts recently issued reports on HVT shares. TheStreet upgraded Haverty Furniture Companies from a “c+” rating to a “b” rating in a report on Thursday, August 23rd. Zacks Investment Research upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, August 7th. Finally, ValuEngine downgraded Haverty Furniture Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th.

NYSE HVT traded down $0.19 during trading hours on Friday, hitting $21.40. The company had a trading volume of 61,425 shares, compared to its average volume of 82,850. Haverty Furniture Companies has a fifty-two week low of $17.70 and a fifty-two week high of $25.10. The company has a market cap of $453.31 million, a P/E ratio of 17.12 and a beta of 0.81. The company has a current ratio of 2.28, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16.

A number of large investors have recently bought and sold shares of HVT. BlackRock Inc. boosted its position in Haverty Furniture Companies by 6.5% in the 2nd quarter. BlackRock Inc. now owns 2,688,407 shares of the company’s stock valued at $58,070,000 after buying an additional 164,255 shares during the last quarter. Citadel Advisors LLC boosted its position in Haverty Furniture Companies by 366.0% in the 2nd quarter. Citadel Advisors LLC now owns 188,412 shares of the company’s stock valued at $4,070,000 after buying an additional 147,980 shares during the last quarter. Millennium Management LLC boosted its position in Haverty Furniture Companies by 938.1% in the 1st quarter. Millennium Management LLC now owns 154,242 shares of the company’s stock valued at $3,108,000 after buying an additional 139,384 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Haverty Furniture Companies in the 3rd quarter valued at about $2,932,000. Finally, TD Asset Management Inc. purchased a new position in Haverty Furniture Companies in the 2nd quarter valued at about $873,000. 81.52% of the stock is owned by institutional investors.

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, as well as mattress product lines under the Sealy, Tempur-Pedic, Serta, Stearns & Foster, and Beautyrest Black names.

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