Wall Street analysts expect that Ethan Allen Interiors Inc. (NYSE:ETH) will post earnings per share of $0.40 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ethan Allen Interiors’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.38. Ethan Allen Interiors posted earnings of $0.46 per share in the same quarter last year, which suggests a negative year over year growth rate of 13%. The company is scheduled to issue its next earnings report on Monday, January 27th.
According to Zacks, analysts expect that Ethan Allen Interiors will report full year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.49 to $1.54. For the next financial year, analysts anticipate that the company will post earnings of $1.60 per share, with EPS estimates ranging from $1.58 to $1.61. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Monday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $173.92 million during the quarter, compared to analysts’ expectations of $174.07 million. Ethan Allen Interiors had a return on equity of 11.39% and a net margin of 4.23%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS.
A number of research firms have issued reports on ETH. Zacks Investment Research cut Ethan Allen Interiors from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. ValuEngine cut Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 5th. TheStreet upgraded Ethan Allen Interiors from a “c” rating to a “b-” rating in a report on Friday. Finally, Telsey Advisory Group decreased their price objective on Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Ethan Allen Interiors has a consensus rating of “Hold” and an average price target of $20.15.
In other news, SVP Daniel M. Grow sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $19.24, for a total value of $28,860.00. Following the completion of the transaction, the senior vice president now owns 4,214 shares in the company, valued at approximately $81,077.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ETH. Systematic Financial Management LP grew its holdings in shares of Ethan Allen Interiors by 304.4% in the 3rd quarter. Systematic Financial Management LP now owns 514,288 shares of the company’s stock valued at $9,823,000 after acquiring an additional 387,113 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Ethan Allen Interiors in the 2nd quarter valued at about $4,777,000. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Ethan Allen Interiors by 299.8% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 185,500 shares of the company’s stock valued at $3,907,000 after acquiring an additional 139,100 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Ethan Allen Interiors in the 2nd quarter valued at about $2,596,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Ethan Allen Interiors by 752.4% in the 2nd quarter. Acadian Asset Management LLC now owns 128,090 shares of the company’s stock valued at $2,697,000 after acquiring an additional 113,063 shares in the last quarter. Institutional investors own 92.89% of the company’s stock.
ETH stock traded down $0.31 during trading hours on Thursday, reaching $18.56. 167,293 shares of the stock were exchanged, compared to its average volume of 265,511. The firm’s 50-day moving average is $19.10 and its 200-day moving average is $19.80. The company has a market cap of $508.12 million, a price-to-earnings ratio of 11.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.46 and a quick ratio of 0.51. Ethan Allen Interiors has a 12 month low of $16.63 and a 12 month high of $23.11.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, January 8th. Ethan Allen Interiors’s payout ratio is 53.85%.
Ethan Allen Interiors Company Profile
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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