Hooker Furnishings (NASDAQ:HOFT) Posts Earnings Results, Misses Expectations By $0.06 EPS

Hooker Furnishings (NASDAQ:HOFT) posted its earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.06), Yahoo Finance reports. Hooker Furnishings had a net margin of 1.07% and a return on equity of 1.92%. The company had revenue of $95.08 million during the quarter, compared to the consensus estimate of $93.54 million. During the same quarter in the prior year, the business earned $0.07 EPS.

Hooker Furnishings Trading Down 1.1 %

Shares of Hooker Furnishings stock opened at $15.71 on Friday. The business’s fifty day simple moving average is $14.86 and its 200 day simple moving average is $17.80. The firm has a market capitalization of $167.81 million, a P/E ratio of 40.28, a price-to-earnings-growth ratio of 12.57 and a beta of 1.20. Hooker Furnishings has a 12 month low of $13.09 and a 12 month high of $27.15.

Hooker Furnishings Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend is Friday, September 13th. Hooker Furnishings’s payout ratio is 235.90%.

Insider Buying and Selling

In related news, Director Tonya Harris Jackson purchased 1,850 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was bought at an average price of $13.61 per share, for a total transaction of $25,178.50. Following the purchase, the director now directly owns 25,229 shares in the company, valued at approximately $343,366.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.