Equities analysts expect Ethan Allen Interiors Inc. (NYSE:ETH) to report $0.49 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ethan Allen Interiors’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.46. Ethan Allen Interiors posted earnings per share of $0.43 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The business is expected to announce its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Ethan Allen Interiors will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.62. For the next financial year, analysts forecast that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.66 to $1.76. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.14. The company had revenue of $177.80 million during the quarter, compared to analysts’ expectations of $181.02 million. Ethan Allen Interiors had a net margin of 5.27% and a return on equity of 10.84%. Ethan Allen Interiors’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share.
ETH has been the topic of several research analyst reports. Dougherty & Co lowered shares of Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 29th. Raymond James lowered shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $22.75 to $18.45 in a research note on Monday, February 4th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 target price (up from $20.00) on shares of Ethan Allen Interiors in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, ValuEngine raised shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Ethan Allen Interiors presently has a consensus rating of “Hold” and an average price target of $21.48.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in shares of Ethan Allen Interiors in the fourth quarter valued at $122,000. Kessler Investment Group LLC lifted its stake in shares of Ethan Allen Interiors by 39.1% in the first quarter. Kessler Investment Group LLC now owns 7,688 shares of the company’s stock valued at $147,000 after buying an additional 2,161 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Ethan Allen Interiors in the first quarter valued at $149,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Ethan Allen Interiors by 375.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,571 shares of the company’s stock valued at $151,000 after buying an additional 6,768 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Ethan Allen Interiors in the fourth quarter valued at $165,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ETH opened at $22.80 on Thursday. The firm has a market cap of $593.26 million, a P/E ratio of 16.89, a P/E/G ratio of 0.94 and a beta of 1.09. Ethan Allen Interiors has a 12-month low of $16.90 and a 12-month high of $25.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.77.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 10th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.33%. The ex-dividend date is Tuesday, July 9th. Ethan Allen Interiors’s dividend payout ratio is presently 56.30%.
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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