Time New York: Sun 16 Dec 23:35 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Haverty Furniture (HVT): The Perfect Mix of Value and Rising Earnings Estimates?

Zacks

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Haverty Furniture Companies, Inc. HVT.

Haverty Furniture in Focus

HVT may be an interesting play thanks to its forward PE of 15.3, its P/S ratio of 0.5, and its decent dividend yield of 3.4%. These factors suggest that Haverty Furniture is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that HVT has decent revenue metrics to back up its earnings.

Haverty Furniture Companies, Inc. PE Ratio (TTM)

Haverty Furniture Companies, Inc. PE Ratio (TTM) | Haverty Furniture Companies, Inc. Quote


But before you think that Haverty Furniture is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 0.7% in the past 30 days, thanks to one upward revision in the past month compared to none lower.

This estimate strength is actually enough to push HVT to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So really, Haverty Furniture is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.