Hooker Furniture (HOFT) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Hooker Furniture (NASDAQ:HOFT) announced its quarterly earnings data on Tuesday. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.13, MarketWatch Earnings reports. Hooker Furniture had a return on equity of 14.88% and a net margin of 4.90%. The company had revenue of $142.89 million for the quarter.

Shares of NASDAQ:HOFT opened at $46.10 on Thursday. Hooker Furniture has a 1-year low of $35.90 and a 1-year high of $52.75. The company has a market cap of $524.02 million, a PE ratio of 15.97 and a beta of 0.45. The company has a current ratio of 3.55, a quick ratio of 2.15 and a debt-to-equity ratio of 0.20.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, June 14th.

Several analysts have recently weighed in on the company. BidaskClub raised Hooker Furniture from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine raised Hooker Furniture from a “sell” rating to a “hold” rating in a report on Wednesday.

Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

Earnings History for Hooker Furniture (NASDAQ:HOFT)

Receive News & Ratings for Hooker Furniture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hooker Furniture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply