Ethan Allen Interiors Inc. (NYSE:ETH) – Equities researchers at KeyCorp dropped their Q3 2018 EPS estimates for shares of Ethan Allen Interiors in a note issued to investors on Thursday, April 5th. KeyCorp analyst B. Thomas now expects that the company will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.28. KeyCorp also issued estimates for Ethan Allen Interiors’ Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.47 EPS and FY2019 earnings at $1.66 EPS.
Several other equities research analysts also recently commented on ETH. Zacks Investment Research raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 target price (down from $33.00) on shares of Ethan Allen Interiors in a report on Wednesday, January 17th. Finally, Stifel Nicolaus dropped their target price on Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Ethan Allen Interiors currently has a consensus rating of “Hold” and an average price target of $29.50.
Ethan Allen Interiors stock opened at $23.00 on Monday. Ethan Allen Interiors has a 12 month low of $22.00 and a 12 month high of $33.13. The firm has a market capitalization of $625.08, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.56 and a beta of 1.07.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The company had revenue of $198.50 million for the quarter, compared to analyst estimates of $198.50 million. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in shares of Ethan Allen Interiors in the fourth quarter worth $256,000. PEAK6 Investments L.P. purchased a new position in shares of Ethan Allen Interiors in the fourth quarter worth $258,000. Fox Run Management L.L.C. purchased a new position in shares of Ethan Allen Interiors in the fourth quarter worth $311,000. Capital Fund Management S.A. raised its stake in shares of Ethan Allen Interiors by 58.6% in the fourth quarter. Capital Fund Management S.A. now owns 11,100 shares of the company’s stock worth $317,000 after purchasing an additional 4,100 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Ethan Allen Interiors in the fourth quarter worth $348,000. Hedge funds and other institutional investors own 99.41% of the company’s stock.
In other Ethan Allen Interiors news, Chairman M Farooq Kathwari purchased 4,090 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $24.37 per share, for a total transaction of $99,673.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Corey Whitely purchased 1,700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $24.65 per share, with a total value of $41,905.00. Following the purchase, the chief financial officer now directly owns 12,574 shares of the company’s stock, valued at $309,949.10. The disclosure for this purchase can be found here. Insiders acquired 6,630 shares of company stock worth $161,654 over the last three months. Corporate insiders own 10.50% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.30%. The ex-dividend date is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 52.41%.
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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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