Haverty Furniture Companies (HVT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Haverty Furniture Companies (HVT) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.19. The company posted revenue of $194.80 million in the period, compared to analysts expectations of $194.50 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Haverty Furniture Companies opened for trading at $18.12 and hit $18.49 on the upside on Friday, eventually ending the session at $18.43, with a gain of 1.77% or 0.32 points. The heightened volatility saw the trading volume jump to 74,256 shares. Company has a market cap of $408 M.

In a different news, on May 19, 2016, Steven G Burdette (Executive Vice President) sold 4,900 shares at $18.06 per share price. According to the SEC, on Nov 17, 2015, Fred L Schuermann (director) sold 2,379 shares at $22.87 per share price.

Haverty Furniture Companies Inc. is a specialty retailer of residential furniture and accessories. The Company operates its business through the home furnishings retailing segment. The Company offers financing through an internal revolving charge credit plan as well as a third-party finance company. Its customers are college educated women in middle to upper-middle income households. The Company operates approximately 119 stores serving 80 cities in 16 states with approximately 4.3 million retail square feet. The stores carry mattress product lines such as Sealy Serta Stearns & Foster and Tempur-Pedic. All of its retail locations are operated using the Haverty name.

Haverty Furniture Companies

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