Haverty Furniture Companies (NYSE:HVT) Posts Earnings Results, Beats Estimates By $0.30 EPS

Haverty Furniture Companies (NYSE:HVT) announced its earnings results on Monday. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.30, Zacks reports. Haverty Furniture Companies had a net margin of 3.57% and a return on equity of 8.69%. The firm had revenue of $184.35 million for the quarter, compared to the consensus estimate of $179.84 million.

Haverty Furniture Companies Trading Up 9.0 %

NYSE:HVT opened at $23.00 on Wednesday. Haverty Furniture Companies has a 12-month low of $21.04 and a 12-month high of $34.98. The firm has a market cap of $377.30 million, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.15 and a beta of 1.48. The stock has a fifty day moving average price of $22.11 and a 200 day moving average price of $24.12.

Haverty Furniture Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, March 6th. Haverty Furniture Companies’s payout ratio is currently 80.50%.

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.