What is Sidoti Csr’s Estimate for HVT FY2024 Earnings?

Haverty Furniture Companies, Inc. (NYSE:HVT) – Investment analysts at Sidoti Csr cut their FY2024 earnings per share (EPS) estimates for Haverty Furniture Companies in a research note issued on Tuesday, January 21st. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.89 per share for the year, down from their previous forecast of $1.00. The consensus estimate for Haverty Furniture Companies’ current full-year earnings is $0.93 per share. Sidoti Csr also issued estimates for Haverty Furniture Companies’ Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.74 EPS, Q2 2026 earnings at $0.70 EPS, Q3 2026 earnings at $0.85 EPS and Q4 2026 earnings at $1.06 EPS.

Separately, StockNews.com cut Haverty Furniture Companies from a “buy” rating to a “hold” rating in a report on Friday, October 25th.

Haverty Furniture Companies Price Performance

HVT stock opened at $22.67 on Wednesday. The firm has a market cap of $372.01 million, a PE ratio of 14.26, a P/E/G ratio of 1.00 and a beta of 1.48. Haverty Furniture Companies has a 12 month low of $21.05 and a 12 month high of $37.05. The firm has a 50 day simple moving average of $22.64 and a 200 day simple moving average of $24.95.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.19). The business had revenue of $175.91 million during the quarter, compared to analyst estimates of $192.85 million. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. During the same period in the previous year, the company posted $1.02 earnings per share.

Institutional Trading of Haverty Furniture Companies

A number of hedge funds have recently bought and sold shares of HVT. Point72 DIFC Ltd acquired a new stake in shares of Haverty Furniture Companies during the third quarter valued at approximately $70,000. Wilmington Savings Fund Society FSB purchased a new position in Haverty Furniture Companies during the 3rd quarter worth approximately $88,000. US Bancorp DE acquired a new stake in Haverty Furniture Companies during the 3rd quarter valued at $109,000. Quest Partners LLC purchased a new stake in shares of Haverty Furniture Companies in the third quarter valued at $185,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Haverty Furniture Companies by 8.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,813 shares of the company’s stock worth $152,000 after buying an additional 548 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

Haverty Furniture Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.28 annualized dividend and a yield of 5.65%. Haverty Furniture Companies’s payout ratio is presently 80.50%.

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