Sidoti Csr Predicts Lower Earnings for Hooker Furnishings

Key Points

• Analysts at Sidoti Csr have lowered their Q1 2027 earnings estimate for Hooker Furnishings to $0.09 per share, down from $0.10, amidst a broader forecast of a negative full-year earnings per share of ($0.44).
• The company reported a quarterly loss of ($0.31) EPS, significantly missing expectations of ($0.12) and generating revenue of $82.15 million, below the $91.21 million consensus.
• Hooker Furnishings has declared a quarterly dividend of $0.23, resulting in an annualized yield of 8.9%, despite experiencing a negative dividend payout ratio of -76.03%.

Hooker Furnishings Corp. (NASDAQ:HOFT - Free Report) - Research analysts at Sidoti Csr decreased their Q1 2027 earnings estimates for shares of Hooker Furnishings in a research note issued on Friday, September 12th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.10. The consensus estimate for Hooker Furnishings' current full-year earnings is ($0.44) per share. Sidoti Csr also issued estimates for Hooker Furnishings' Q2 2027 earnings at $0.20 EPS, Q3 2027 earnings at $0.44 EPS, Q4 2027 earnings at $0.49 EPS and FY2027 earnings at $1.22 EPS.

Hooker Furnishings (NASDAQ:HOFT - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.19). Hooker Furnishings had a negative net margin of 3.40% and a negative return on equity of 4.17%. The firm had revenue of $82.15 million during the quarter, compared to analysts' expectations of $91.21 million. During the same quarter in the previous year, the firm posted ($0.19) EPS.

Separately, Zacks Research cut shares of Hooker Furnishings from a "hold" rating to a "strong sell" rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Hooker Furnishings Trading Down 4.1%

Shares of HOFT stock traded down $0.45 during mid-day trading on Monday, reaching $10.65. The stock had a trading volume of 174,199 shares, compared to its average volume of 45,835. The stock's 50-day moving average price is $10.27 and its two-hundred day moving average price is $10.21. Hooker Furnishings has a 52-week low of $7.34 and a 52-week high of $19.79. The firm has a market capitalization of $114.49 million, a PE ratio of -8.80 and a beta of 1.32. The company has a current ratio of 2.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.03.

Hooker Furnishings Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, September 19th. This represents a $0.92 annualized dividend and a dividend yield of 8.6%. Hooker Furnishings's payout ratio is currently -76.03%.

Institutional Investors Weigh In On Hooker Furnishings

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Hooker Furnishings by 9,630.8% in the first quarter. GAMMA Investing LLC now owns 5,060 shares of the company's stock worth $504,000 after purchasing an additional 5,008 shares during the period. Osaic Holdings Inc. grew its holdings in Hooker Furnishings by 940.0% in the second quarter. Osaic Holdings Inc. now owns 10,400 shares of the company's stock worth $110,000 after purchasing an additional 9,400 shares during the period. Strs Ohio purchased a new stake in Hooker Furnishings in the first quarter worth about $124,000. Deutsche Bank AG grew its holdings in Hooker Furnishings by 97.5% in the fourth quarter. Deutsche Bank AG now owns 14,494 shares of the company's stock worth $203,000 after purchasing an additional 7,157 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Hooker Furnishings in the first quarter worth about $146,000. Hedge funds and other institutional investors own 73.60% of the company's stock.

About Hooker Furnishings

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.