For its first fiscal quarter (ending March 31), Haverty Furniture Cos Inc (NYSE: HVT) has reported a -80% decline in E.P.S. from $0.76 a year ago to $0.15 in the current quarter. This performance was $-0.53 short of the consensus estimate of $0.68. E.P.S. were $2.85 for the latest four quarters through March 31 versus $5.05 for the same period a year ago — a decline of -44%.
Recent Price Action
Haverty Furniture Cos Inc (NYSE: HVT) stock closed at $31.01 on 5/1/24 after a modest gain of 0.7%. Trading volume in this advance was normal. The stock has declined -5.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HVT is expected to continue to be an important Value Builder.
Haverty Furniture has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Haverty Furniture has a neutral Appreciation Score of 59 and a neutral Power Rating of 50, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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