Equities research analysts expect Ethan Allen (NYSE:ETH) to post $0.43 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ethan Allen’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.41. Ethan Allen reported earnings of $0.42 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The business is expected to announce its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that Ethan Allen will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.38. For the next financial year, analysts expect that the business will report earnings of $1.67 per share, with EPS estimates ranging from $1.57 to $1.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Ethan Allen.
Ethan Allen (NYSE:ETH) last posted its quarterly earnings data on Thursday, April 26th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The business had revenue of $181.40 million during the quarter, compared to the consensus estimate of $181.40 million. Ethan Allen had a net margin of 4.84% and a return on equity of 9.23%. Ethan Allen’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS.
Several research firms recently commented on ETH. Stifel Nicolaus cut their target price on shares of Ethan Allen from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Ethan Allen from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 target price (down from $33.00) on shares of Ethan Allen in a research note on Wednesday, January 17th. Finally, ValuEngine cut shares of Ethan Allen from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Two 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 stock currently has an average rating of “Hold” and an average target price of $28.50.
Large investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new position in Ethan Allen during the 1st quarter valued at $209,000. Verition Fund Management LLC acquired a new position in Ethan Allen during the 1st quarter valued at $229,000. Teacher Retirement System of Texas acquired a new position in shares of Ethan Allen in the 4th quarter valued at $256,000. PEAK6 Investments L.P. acquired a new position in shares of Ethan Allen in the 4th quarter valued at $258,000. Finally, Aperio Group LLC acquired a new position in shares of Ethan Allen in the 1st quarter valued at $264,000.
Shares of Ethan Allen remained flat at $$24.30 during trading hours on Thursday, according to Marketbeat Ratings. 1,602 shares of the company traded hands, compared to its average volume of 310,510. The company has a market cap of $644.41 million, a P/E ratio of 16.76, a P/E/G ratio of 1.47 and a beta of 1.10. Ethan Allen has a fifty-two week low of $23.75 and a fifty-two week high of $24.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, July 9th. Ethan Allen’s payout ratio is currently 52.41%.
Ethan Allen Company Profile
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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