FY2017 EPS Estimates for Haverty Furniture Companies, Inc. (HVT) Decreased by Analyst

Haverty Furniture Companies, Inc. (NYSE:HVT) – Stock analysts at KeyCorp reduced their FY2017 earnings per share (EPS) estimates for shares of Haverty Furniture Companies in a report issued on Monday. KeyCorp analyst B. Thomas now forecasts that the company will earn $1.16 per share for the year, down from their prior forecast of $1.20. KeyCorp also issued estimates for Haverty Furniture Companies’ Q4 2017 earnings at $0.32 EPS.

Haverty Furniture Companies (NYSE:HVT) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The firm had revenue of $207.60 million for the quarter, compared to analyst estimates of $215.32 million. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s revenue was down 1.9% on a year-over-year basis.

Separately, Zacks Investment Research upgraded Haverty Furniture Companies from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, October 4th.

Shares of Haverty Furniture Companies (NYSE:HVT) opened at $22.55 on Wednesday. Haverty Furniture Companies has a 52-week low of $21.05 and a 52-week high of $27.23. The company has a market capitalization of $478.43, a PE ratio of 17.21, a price-to-earnings-growth ratio of 4.22 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.16.

In related news, Director Fred L. Schuermann sold 1,950 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $23.15, for a total transaction of $45,142.50. Following the sale, the director now owns 3 shares in the company, valued at approximately $69.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $23.30, for a total value of $535,900.00. Following the sale, the insider now owns 82,331 shares in the company, valued at approximately $1,918,312.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,871 shares of company stock worth $769,483. 10.31% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC bought a new stake in shares of Haverty Furniture Companies during the 2nd quarter valued at about $886,000. Victory Capital Management Inc. boosted its position in shares of Haverty Furniture Companies by 230.4% during the 3rd quarter. Victory Capital Management Inc. now owns 69,379 shares of the company’s stock valued at $1,814,000 after purchasing an additional 48,379 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Haverty Furniture Companies during the 3rd quarter valued at about $290,000. Chicago Equity Partners LLC bought a new stake in shares of Haverty Furniture Companies during the 3rd quarter valued at about $414,000. Finally, Prudential Financial Inc. boosted its position in shares of Haverty Furniture Companies by 50.7% during the 3rd quarter. Prudential Financial Inc. now owns 98,527 shares of the company’s stock valued at $2,576,000 after purchasing an additional 33,150 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Haverty Furniture Companies, Inc. (HVT) Decreased by Analyst” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.com-unik.info/2018/01/11/fy2017-eps-estimates-for-haverty-furniture-companies-inc-hvt-decreased-by-analyst.html.

About Haverty Furniture Companies

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.

Receive News & Ratings for Haverty Furniture Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haverty Furniture Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit