Ethan Allen (NYSE:ETH) – Analysts at Dougherty & Co decreased their Q3 2018 earnings estimates for Ethan Allen in a research note issued on Wednesday, April 18th. Dougherty & Co analyst J. Hamblin now anticipates that the company will post earnings per share of $0.10 for the quarter, down from their prior forecast of $0.13. Dougherty & Co also issued estimates for Ethan Allen’s FY2018 earnings at $1.41 EPS.
ETH has been the topic of several other research reports. Zacks Investment Research lowered shares of Ethan Allen from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. ValuEngine lowered shares of Ethan Allen from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Telsey Advisory Group dropped their price target on shares of Ethan Allen from $27.00 to $26.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price objective on shares of Ethan Allen in a research note on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.50.
Shares of NYSE:ETH opened at $22.05 on Friday. Ethan Allen has a 52 week low of $21.50 and a 52 week high of $33.13. The company has a market capitalization of $614.09, a price-to-earnings ratio of 15.21, a PEG ratio of 1.62 and a beta of 1.07.
Ethan Allen (NYSE:ETH) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Ethan Allen had a net margin of 4.80% and a return on equity of 10.06%. The company had revenue of $198.50 million for the quarter, compared to analyst estimates of $198.50 million. During the same quarter last year, the business earned $0.39 earnings per share. Ethan Allen’s revenue was up 2.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.45%. Ethan Allen’s dividend payout ratio is presently 52.41%.
In related news, Chairman M Farooq Kathwari acquired 4,090 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $24.37 per share, for a total transaction of $99,673.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Corey Whitely purchased 1,700 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $24.65 per share, for a total transaction of $41,905.00. Following the transaction, the chief financial officer now owns 12,574 shares of the company’s stock, valued at approximately $309,949.10. The disclosure for this purchase can be found here. Insiders have purchased 6,630 shares of company stock worth $161,654 in the last quarter. Company insiders own 10.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas acquired a new position in Ethan Allen in the fourth quarter worth approximately $256,000. PEAK6 Investments L.P. acquired a new position in Ethan Allen in the fourth quarter worth approximately $258,000. Fox Run Management L.L.C. acquired a new position in Ethan Allen in the fourth quarter worth approximately $311,000. Capital Fund Management S.A. grew its position in Ethan Allen 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 buying an additional 4,100 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in Ethan Allen in the fourth quarter worth approximately $348,000.
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About Ethan Allen
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Europe, Asia, and the Middle East. The company operates through two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items, including window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.
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