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) - Analysts at Sidoti Csr reduced their Q1 2027 earnings estimates for shares of Hooker Furnishings in a research note issued to investors 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 previous estimate 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) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.19). The business had revenue of $82.15 million during the quarter, compared to the consensus estimate of $91.21 million. Hooker Furnishings had a negative return on equity of 4.11% and a negative net margin of 3.40%.During the same period last year, the business posted ($0.19) earnings per share.

Separately, Zacks Research raised shares of Hooker Furnishings to a "hold" rating in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Hooker Furnishings Stock Down 3.6%

HOFT opened at $10.34 on Monday. The company has a 50 day moving average of $10.34 and a 200 day moving average of $10.25. The company has a market cap of $110.67 million, a PE ratio of -8.55, a price-to-earnings-growth ratio of 5.68 and a beta of 1.32. Hooker Furnishings has a 12 month low of $7.34 and a 12 month high of $19.79. The company has a current ratio of 3.94, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HOFT. Northern Trust Corp boosted its holdings in Hooker Furnishings by 0.5% in the 4th quarter. Northern Trust Corp now owns 170,582 shares of the company's stock valued at $2,390,000 after purchasing an additional 889 shares during the period. Bank of America Corp DE lifted its holdings in shares of Hooker Furnishings by 13.3% during the 4th quarter. Bank of America Corp DE now owns 16,008 shares of the company's stock worth $224,000 after acquiring an additional 1,875 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Hooker Furnishings by 97.5% during the 4th quarter. Deutsche Bank AG now owns 14,494 shares of the company's stock worth $203,000 after acquiring an additional 7,157 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Hooker Furnishings by 9,630.8% during the 1st quarter. GAMMA Investing LLC now owns 5,060 shares of the company's stock worth $504,000 after acquiring an additional 5,008 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its holdings in shares of Hooker Furnishings by 151.6% during the 1st quarter. Waterfront Wealth Inc. now owns 77,462 shares of the company's stock worth $778,000 after acquiring an additional 46,678 shares during the last quarter. 73.60% of the stock is owned by institutional investors.

Hooker Furnishings Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Friday, September 19th. Hooker Furnishings's dividend payout ratio (DPR) is presently -76.03%.

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.

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