Equities research analysts forecast that Ethan Allen Interiors Inc. (NYSE:ETH) will report sales of $181.30 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ethan Allen Interiors’ earnings. Ethan Allen Interiors reported sales of $180.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.4%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Ethan Allen Interiors will report full year sales of $766.66 million for the current financial year, with estimates ranging from $759.90 million to $775.00 million. For the next year, analysts forecast that the firm will report sales of $788.91 million per share, with estimates ranging from $775.10 million to $805.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, January 24th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The firm had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $198.50 million. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, January 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 target price (down from $33.00) on shares of Ethan Allen Interiors in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus cut their target price on shares of Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.50.
NYSE:ETH traded down $0.20 during trading hours on Friday, hitting $22.35. 314,323 shares of the company traded hands, compared to its average volume of 314,249. The stock has a market cap of $616.83, a P/E ratio of 15.41, a PEG ratio of 1.61 and a beta of 1.07. Ethan Allen Interiors has a twelve month low of $21.50 and a twelve month high of $33.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio is 52.41%.
In other Ethan Allen Interiors news, CFO Corey Whitely acquired 1,700 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $24.65 per share, for a total transaction of $41,905.00. Following the purchase, the chief financial officer now owns 12,574 shares in the company, valued at approximately $309,949.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman M Farooq Kathwari acquired 4,090 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $24.37 per share, with a total value of $99,673.30. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 6,630 shares of company stock valued at $161,654. Corporate insiders own 10.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. LSV Asset Management raised its stake in shares of Ethan Allen Interiors by 0.3% in the 4th quarter. LSV Asset Management now owns 1,182,752 shares of the company’s stock valued at $33,826,000 after buying an additional 3,900 shares in the last quarter. Capital Fund Management S.A. raised its stake in shares of Ethan Allen Interiors by 58.6% in the 4th quarter. Capital Fund Management S.A. now owns 11,100 shares of the company’s stock valued at $317,000 after buying an additional 4,100 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Ethan Allen Interiors by 41.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,270 shares of the company’s stock valued at $408,000 after buying an additional 4,200 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Ethan Allen Interiors by 9.2% in the 3rd quarter. California Public Employees Retirement System now owns 68,161 shares of the company’s stock valued at $2,208,000 after buying an additional 5,761 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Ethan Allen Interiors by 4.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 159,845 shares of the company’s stock worth $4,571,000 after purchasing an additional 6,931 shares in the last quarter.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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