Ethan Allen Interiors Inc. (NYSE:ETH) – Research analysts at Dougherty & Co increased their Q1 2019 earnings per share estimates for Ethan Allen Interiors in a report issued on Monday, October 15th. Dougherty & Co analyst J. Hamblin now anticipates that the company will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.30.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, July 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 9.33%. The business had revenue of $205.60 million during the quarter, compared to analyst estimates of $200.01 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year.
A number of other research firms have also issued reports on ETH. Zacks Investment Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 17th. ValuEngine lowered shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Finally, Raymond James reaffirmed a “buy” rating and set a $27.00 target price on shares of Ethan Allen Interiors in a report on Sunday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.75.
Ethan Allen Interiors stock opened at $20.93 on Tuesday. Ethan Allen Interiors has a 52-week low of $18.94 and a 52-week high of $31.70. The firm has a market cap of $550.48 million, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Stockholders of record on Wednesday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Tuesday, October 9th. Ethan Allen Interiors’s payout ratio is 56.30%.
In other news, Chairman M Farooq Kathwari sold 37,882 shares of the company’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $21.51, for a total transaction of $814,841.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.50% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in ETH. Dimensional Fund Advisors LP grew its holdings in shares of Ethan Allen Interiors by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,203,827 shares of the company’s stock valued at $50,578,000 after purchasing an additional 149,223 shares during the period. BlackRock Inc. grew its holdings in shares of Ethan Allen Interiors by 2.4% in the second quarter. BlackRock Inc. now owns 3,703,905 shares of the company’s stock valued at $90,746,000 after purchasing an additional 85,620 shares during the period. Foundry Partners LLC grew its holdings in shares of Ethan Allen Interiors by 31.6% in the first quarter. Foundry Partners LLC now owns 204,655 shares of the company’s stock valued at $4,697,000 after purchasing an additional 49,165 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Ethan Allen Interiors by 18.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 277,803 shares of the company’s stock valued at $6,376,000 after purchasing an additional 44,048 shares during the period. Finally, Guggenheim Capital LLC grew its holdings in shares of Ethan Allen Interiors by 33.6% in the first quarter. Guggenheim Capital LLC now owns 170,854 shares of the company’s stock valued at $3,922,000 after purchasing an additional 43,005 shares during the period. 95.59% of the stock is owned by hedge funds and other institutional investors.
About Ethan Allen Interiors
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. 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 and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items consisting of 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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