Stock analysts predict that Ethan Allen Interiors Inc. (NYSE: ETD – Get Rating) will record sales of $199.30 million for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for Ethan Allen Interiors. The lowest sales estimate is $198.90 million and the highest is $199.70 million. Ethan Allen Interiors reported sales of $178.32 million in the same quarter last year, suggesting a positive year-over-year growth rate of 11.8%. The company is expected to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Ethan Allen Interiors to report annual revenue of $787.35 million for the current year, with estimates ranging from $786.90 to $787.80 million. dollars. For the next fiscal year, analysts expect the company to post sales of $779.40 million, with estimates ranging from $771.00 to $787.80 million. Zacks sales averages are an average average based on a survey of research companies that provide coverage for Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its results on Thursday, April 28. The company reported earnings per share of $0.93 for the quarter, beating analyst consensus estimates of $0.76 by $0.17. The company posted revenue of $197.66 million for the quarter, versus analyst estimates of $197.10 million. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company’s quarterly revenue increased by 11.7% compared to the same quarter last year. In the same period a year earlier, the company earned earnings per share of $0.58.
ETD has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Ethan Allen Interiors from a “buy” to a “hold” rating in a Tuesday, May 3 research report. StockNews.com supported Ethan Allen Interiors coverage in a research report on Thursday, March 31. They set a “buy” rating for the company.
NYSE ETD shares opened at $25.34 on Friday. The stock has a 50-day moving average price of $25.90 and a 200-day moving average price of $25.29. The company has a market capitalization of $641.61 million, a PE ratio of 7.20 and a beta of 1.10. Ethan Allen Interiors has a 1-year low of $22.02 and a 1-year high of $32.15.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 will receive a dividend of $0.32. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 5.05%. This is a positive change from Ethan Allen Interiors’ previous quarterly dividend of $0.29. The ex-dividend date is Monday, May 9. Ethan Allen Interiors’ dividend payout ratio is currently 32.95%.
Hedge funds have recently been buying and selling stocks. Hillsdale Investment Management Inc. bought a new position in Ethan Allen Interiors stock in the first quarter worth $33,000. Dorsey Wright & Associates bought a new stake in Ethan Allen Interiors in Q1 worth approximately $42,000. Fifth Third Bancorp bought a new stake in Ethan Allen Interiors in Q1 worth around $43,000. Mutual of America Capital Management LLC purchased a new stake in Ethan Allen Interiors stock during Q1 worth approximately $83,000. Finally, KBC Group NV purchased a new equity stake in Ethan Allen Interiors during the 1st quarter for a value of approximately $94,000. 85.11% of the shares are currently held by institutional investors and hedge funds.
About Ethan Allen Interiors (Get a rating)
Ethan Allen Interiors Inc operates as an interior design company and home furnishings manufacturer and retailer in the United States, Mexico, Honduras and Canada. The Company operates through two segments, Wholesale and Retail. Its products include storage items, such as beds, dressers, cabinets, tables, chairs, sideboards, entertainment units, home office furniture and wood accents; upholstery items including sleepers, recliners and other moveable furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather; and home accent items including window treatments and drapery hardware, wall hangings, flowers, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furniture.
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