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Bear of the Day: Havertys (HVT)
ZACKS· 2024-06-07 11:10
Havertys (HVT) continues to face headwinds as the housing market remains slow. This Zacks Rank #5 (Strong Sell) is expected to see earnings decline by the double digits in 2024.Havertys is a full-service home furnishings retailer with 124 showrooms in 17 Southern and Midwest states. It has been in business since 1885.Another Earnings Miss in the First QuarterOn May 1, 2024, Havertys reported its first quarter 2024 results and missed on the Zacks Consensus Estimate. It reported $0.14 versus the consensus of ...
Haverty Furniture(HVT) - 2024 Q1 - Quarterly Report
2024-05-07 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (Address of principal executive offices) (Zip Code) Maryland 58-0281900 (404) 443-2900 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 1-14445 HAVERTY FURNITURE COMPANIES, ...
Haverty Furniture(HVT) - 2024 Q1 - Earnings Call Transcript
2024-05-02 19:07
Haverty Furniture Companies, Inc. (NYSE:HVT) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Richard Hare - Executive Vice President and Chief Financial Officer Clarence Smith - Chairman and Chief Executive Officer Steve Burdette - President Conference Call Participants Mickey Legg - The Benchmark Company Anthony Lebiedzinski - Sidoti & Company Budd Bugatch - Water Tower Research Cristina Fernandez - Telsey Group Operator Good morning, ladies and gentlemen. Thank you for standin ...
Haverty Furniture (HVT) Q1 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-05-01 23:21
Haverty Furniture (HVT) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -57.58%. A quarter ago, it was expected that this residential furniture and accessories retailer would post earnings of $0.95 per share when it actually produced earnings of $0.89, delivering a surprise of -6.32%. ...
Haverty Furniture(HVT) - 2024 Q1 - Quarterly Results
2024-05-01 20:29
EXHIBIT 99.1 Havertys Announces Increase In Quarterly Dividend and First Quarter 2024 Results Atlanta, Georgia, May 1, 2024 – HAVERTYS (NYSE: HVT and HVT.A), today announced an increase to its quarterly dividend (the 12th consecutive annual increase) and reported operating results for the first quarter ended March 31, 2024. Dividend The board of directors declared a 6.7% increase in the quarterly dividend, from $0.30 per share to $0.32 per share on the company's common stock. The quarterly dividend for the ...
Analysts Estimate Haverty Furniture (HVT) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-30 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Haverty Furniture (HVT) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may ...
2 Furniture Stock Stocks to Sit on for Interest Rate Cuts
MarketBeat· 2024-04-09 12:02
Key PointsIf the Fed cuts interest rates in 2024, as forecasted, the impact could trigger a bump in furniture sales, and two furniture companies are poised to benefit.Hagerty Furniture's sales have returned to pre-COVID levels, and its CEO believes the bottom for the housing market and furniture sales is in.La-Z-Boy remains optimistic about housing demand recovering with interest rate cuts, which would drive a rebound in furniture sales.5 stocks we like better than Haverty Furniture CompaniesThe housing mar ...
3 High Short Interest Stocks Ready to Squeeze
MarketBeat· 2024-04-09 11:04
Key PointsSymbotic builds fully automated warehouse robots integrating artificial intelligence (AI), automation and Internet-of-Things (IoT) technology to bolster productivity and efficiency for customers like Walmart, Target and Albertsons.Intuitive Machines provides lunar access, data and mobility solutions with lunar lander commercial payload services to NASA.Wayfair saw Q4 2023 revenues inch up 0.4%, which outperforms brick-and-mortar furniture retailer competitors Haverty and La-Z-Boy, who suffered a 2 ...
Haverty Furniture(HVT) - 2023 Q4 - Annual Report
2024-03-07 17:36
Table of Contents | Maryland | | --- | Maryland 58-0281900 (State of Incorporation) (IRS Employer Identification Number) 780 Johnson Ferry Road, Suite 800, Atlanta, Georgia 30342 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...
Haverty Furniture(HVT) - 2023 Q4 - Earnings Call Transcript
2024-02-22 23:15
Haverty Furniture Companies, Inc. (NYSE:HVT) Q4 2023 Earnings Conference Call February 22, 2024 10:00 AM ET Company Participants Richard Hare - Executive Vice President and Chief Financial Officer Clarence Smith - Chairman and Chief Executive Officer Steve Burdette - President Conference Call Participants Anthony Lebiedzinski - Sidoti Michael Legg - The Benchmark Company Cristina Fernandez - Telsey Advisory Group Operator Greetings and welcome to Haverty’s Fourth Quarter 2023 Earnings Call. At this time, al ...