Q1 Earnings Forecast for Hooker Furnishings Issued By Sidoti

Key Points

• Sidoti cut its Q1 2027 EPS estimate for Hooker Furnishings to ($0.09) from ($0.04) and also projects Q2 2027 at ($0.09), while the consensus full-year EPS estimate remains $0.67.
• Hooker reported Q1 EPS of $0.08, beating estimates by $0.03, but revenue missed at $66.98M versus $74.89M and the company recorded a negative net margin (-8.84%) and negative ROE.
• Shares trade near $12.15 with a market cap of about $131M and a 3.8% dividend yield; MarketBeat shows a consensus rating of "Reduce" and institutional investors own roughly 73.6% of the stock.

Hooker Furnishings Corp. (NASDAQ:HOFT - Free Report) - Sidoti dropped their Q1 2027 earnings estimates for Hooker Furnishings in a report released on Wednesday, April 29th. Sidoti analyst A. Lebiedzinski now expects that the company will earn ($0.09) per share for the quarter, down from their previous estimate of ($0.04). The consensus estimate for Hooker Furnishings' current full-year earnings is $0.67 per share. Sidoti also issued estimates for Hooker Furnishings' Q2 2027 earnings at ($0.09) EPS.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $66.98 million for the quarter, compared to analyst estimates of $74.89 million. Hooker Furnishings had a negative return on equity of 0.71% and a negative net margin of 8.84%.

A number of other research analysts have also recently issued reports on HOFT. Wall Street Zen raised shares of Hooker Furnishings from a "sell" rating to a "hold" rating in a research report on Sunday, April 19th. Zacks Research raised shares of Hooker Furnishings from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Hooker Furnishings in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce".

Hooker Furnishings Stock Performance

Shares of HOFT stock opened at $12.15 on Friday. The company's fifty day moving average price is $13.12 and its 200-day moving average price is $11.97. The stock has a market cap of $130.98 million, a PE ratio of -4.78, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34. The company has a current ratio of 3.37, a quick ratio of 1.60 and a debt-to-equity ratio of 0.02. Hooker Furnishings has a 12 month low of $8.46 and a 12 month high of $15.99.

Hedge Funds Weigh In On Hooker Furnishings

A number of institutional investors and hedge funds have recently made changes to their positions in HOFT. Ameriprise Financial Inc. purchased a new stake in Hooker Furnishings during the second quarter valued at approximately $3,619,000. Gate City Capital Management LLC purchased a new position in shares of Hooker Furnishings during the 4th quarter worth $2,472,000. Charles Schwab Investment Management Inc. grew its position in shares of Hooker Furnishings by 35.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,761 shares of the company's stock valued at $4,141,000 after acquiring an additional 95,127 shares during the period. Donald Smith & CO. Inc. grew its position in shares of Hooker Furnishings by 7.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,066,754 shares of the company's stock valued at $12,044,000 after acquiring an additional 70,681 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in shares of Hooker Furnishings in the 2nd quarter worth $635,000. Hedge funds and other institutional investors own 73.60% of the company's stock.

Hooker Furnishings Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.115 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.46 annualized dividend and a dividend yield of 3.8%. Hooker Furnishings's dividend payout ratio is presently -18.11%.

About Hooker Furnishings

Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.

The company's operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.

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