Hooker Furnishings (NASDAQ:HOFT) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

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

Hooker Furnishings Price Performance

Hooker Furnishings stock opened at $15.71 on Friday. The firm has a market capitalization of $167.81 million, a P/E ratio of 40.28, a PEG ratio of 12.57 and a beta of 1.20. Hooker Furnishings has a one year low of $13.09 and a one year high of $27.15. The business has a fifty day moving average price of $14.86 and a 200-day moving average price of $17.80.

Hooker Furnishings Announces Dividend

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

Insider Activity at Hooker Furnishings

In related news, Director Tonya Harris Jackson bought 1,850 shares of the business’s stock in a transaction on Friday, June 21st. The stock was acquired 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 $343,366.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by corporate 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.