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

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

Ethan Allen Interiors Stock Down 0.3 %

Shares of NYSE:ETD traded down $0.09 during trading on Friday, reaching $28.97. The stock had a trading volume of 172,559 shares, compared to its average volume of 206,570. Ethan Allen Interiors has a 52 week low of $24.76 and a 52 week high of $36.19. The firm has a market capitalization of $735.84 million, a price-to-earnings ratio of 10.57 and a beta of 1.22. The stock has a fifty day simple moving average of $32.55 and a two-hundred day simple moving average of $30.32.

Ethan Allen Interiors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 52.36%.

Wall Street Analyst Weigh In

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