Haverty Furniture Companies (HVT) Issues Earnings Results

Haverty Furniture Companies (NYSE:HVT) announced its earnings results on Tuesday. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10, Briefing.com reports. The business had revenue of $214.96 million for the quarter, compared to analyst estimates of $221.20 million. Haverty Furniture Companies had a return on equity of 10.10% and a net margin of 3.53%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS.

Shares of Haverty Furniture Companies (NYSE:HVT) traded up $0.15 during trading on Thursday, hitting $20.65. The stock had a trading volume of 25,485 shares, compared to its average volume of 134,227. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 1.16. The company has a market cap of $445.60, a price-to-earnings ratio of 15.07 and a beta of 1.01. Haverty Furniture Companies has a 12-month low of $20.05 and a 12-month high of $27.23.

In other news, major shareholder Pine Hill Associates, Llc sold 7,921 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $23.79, for a total transaction of $188,440.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rawson Haverty, Jr. sold 23,000 shares of the 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 transaction, the insider now owns 82,331 shares in the company, valued at $1,918,312.30. The disclosure for this sale can be found here. 10.31% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the company. TheStreet lowered Haverty Furniture Companies from a “b” rating to a “c+” rating in a research report on Tuesday. Zacks Investment Research upgraded Haverty Furniture Companies from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, January 12th.

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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.

Earnings History for Haverty Furniture Companies (NYSE:HVT)

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