Ethan Allen Interiors (NYSE:ETD) Announces Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Ethan Allen Interiors (NYSE:ETD) posted its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.18), Briefing.com reports. Ethan Allen Interiors had a return on equity of 14.99% and a net margin of 10.63%. The company had revenue of $146.42 million during the quarter, compared to the consensus estimate of $168.15 million. During the same quarter last year, the firm earned $0.86 EPS. The business’s revenue for the quarter was down 21.4% on a year-over-year basis.

Ethan Allen Interiors Trading Up 1.3 %

Shares of NYSE:ETD traded up $0.38 during mid-day trading on Friday, reaching $29.44. The company had a trading volume of 60,812 shares, compared to its average volume of 205,445. The firm has a market cap of $747.78 million, a price-to-earnings ratio of 10.57 and a beta of 1.22. The company’s 50-day moving average price is $32.55 and its 200-day moving average price is $30.32. Ethan Allen Interiors has a one year low of $24.76 and a one year high of $36.19.

Ethan Allen Interiors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.56 annualized dividend and a dividend yield of 5.30%. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 52.36%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research note on Thursday.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in 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 comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent 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.