Arhaus (ARHS) to Release Quarterly Earnings on Thursday

Arhaus (NASDAQ:ARHS) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Arhaus has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, analysts expect Arhaus to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arhaus Trading Down 2.0 %

Shares of NASDAQ ARHS opened at $13.46 on Tuesday. The firm’s 50 day moving average price is $14.51 and its 200-day moving average price is $11.83. The company has a market cap of $1.89 billion, a PE ratio of 15.12, a P/E/G ratio of 2.40 and a beta of 2.42. Arhaus has a 52-week low of $6.75 and a 52-week high of $16.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50.

Arhaus Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ARHS shares. Bank of America boosted their price objective on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Telsey Advisory Group reissued an “outperform” rating and set a $17.00 price objective on shares of Arhaus in a report on Friday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Arhaus has a consensus rating of “Moderate Buy” and an average target price of $15.25.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.