Ethan Allen Interiors Inc. (NYSE:ETH) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Wednesday, January 10th will be paid a dividend of 0.19 per share on Wednesday, January 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, January 9th.
Ethan Allen Interiors has raised its dividend by an average of 21.9% annually over the last three years and has raised its dividend every year for the last 7 years. Ethan Allen Interiors has a payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ethan Allen Interiors to earn $1.97 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 38.6%.
Ethan Allen Interiors (NYSE:ETH) opened at $27.20 on Thursday. Ethan Allen Interiors has a 12-month low of $26.45 and a 12-month high of $33.92. The firm has a market cap of $762.32, a PE ratio of 23.65, a P/E/G ratio of 1.82 and a beta of 1.40.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $181.30 million for the quarter, compared to analyst estimates of $181.30 million. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. equities analysts anticipate that Ethan Allen Interiors will post 1.67 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, December 20th. TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Dougherty & Co upgraded shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $33.40.
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About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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