Haverty Furniture Companies, Inc. (NYSE:HVT) to Post Q3 2024 Earnings of $0.55 Per Share, Telsey Advisory Group Forecasts

Haverty Furniture Companies, Inc. (NYSE:HVT) – Research analysts at Telsey Advisory Group lowered their Q3 2024 earnings per share (EPS) estimates for Haverty Furniture Companies in a research report issued to clients and investors on Thursday, May 2nd. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will earn $0.55 per share for the quarter, down from their prior forecast of $0.64. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $2.34 per share. Telsey Advisory Group also issued estimates for Haverty Furniture Companies’ Q3 2025 earnings at $0.85 EPS.

Separately, Benchmark reissued a “buy” rating and issued a $45.00 target price on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd.

Haverty Furniture Companies Stock Up 2.7 %

Shares of NYSE HVT opened at $29.48 on Monday. The stock has a market capitalization of $476.10 million, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. Haverty Furniture Companies has a 52 week low of $25.05 and a 52 week high of $37.05. The firm has a 50-day simple moving average of $31.99 and a 200-day simple moving average of $32.56.

Haverty Furniture Companies (NYSE:HVT) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.06). Haverty Furniture Companies had a net margin of 5.64% and a return on equity of 14.94%. The firm had revenue of $210.74 million during the quarter, compared to analysts’ expectations of $230.06 million.

Hedge Funds Weigh In On Haverty Furniture Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. AJOVista LLC purchased a new stake in shares of Haverty Furniture Companies during the 4th quarter valued at approximately $71,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Haverty Furniture Companies by 62.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,511 shares of the company’s stock valued at $160,000 after purchasing an additional 1,740 shares during the last quarter. EMC Capital Management lifted its stake in shares of Haverty Furniture Companies by 60.6% in the 3rd quarter. EMC Capital Management now owns 7,314 shares of the company’s stock valued at $210,000 after purchasing an additional 2,759 shares during the last quarter. Vision Capital Management Inc. purchased a new position in shares of Haverty Furniture Companies during the 4th quarter worth $213,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of Haverty Furniture Companies during the 4th quarter worth about $235,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Haverty Furniture Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.32 per share. This is a boost from Haverty Furniture Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 4.34%. Haverty Furniture Companies’s payout ratio is presently 43.64%.

Haverty Furniture Companies Company Profile

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 and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.