Ethan Allen Interiors Inc. is expected to post earnings of $0.83 per share in the fourth quarter of 2023 (NYSE: ETD)


Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) – KeyCorp analysts released their fourth quarter 2023 earnings estimates for Ethan Allen Interiors in a research note released to investors on Wednesday, August 3. KeyCorp analyst B. Thomas expects the company to post earnings of $0.83 per share for the quarter. The consensus estimate for Ethan Allen Interiors’ current annual earnings is $2.95 per share.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly results on Wednesday, August 3. The company reported earnings per share of $1.25 for the quarter, beating the consensus estimate of $0.80 by $0.45. Ethan Allen Interiors achieved a net margin of 12.63% and a return on equity of 26.70%. In the same quarter a year earlier, the company had earned earnings per share of $0.74.

Other stock analysts have also released reports on the stock. StockNews.com upgraded Ethan Allen Interiors shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 report. Telsey Advisory Group lowered its price target on Ethan Allen Interiors shares from $26.00 to $25.00 and set a “market performance” rating on the stock in a Monday, Aug. 1, report.

Ethan Allen Interiors stock performance

Ethan Allen Interiors stock opened Monday at $24.99. The company has a market capitalization of $632.80 million, a PE ratio of 6.19 and a beta of 1.15. Ethan Allen Interiors has a fifty-two week low of $19.60 and a fifty-two week high of $28.04. The company has a 50-day moving average price of $21.97 and a 200-day moving average price of $24.07.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30. Shareholders of record on Tuesday, August 16 will receive a dividend of $0.32. The ex-dividend date is Monday, August 15. This represents a dividend of $1.28 on an annualized basis and a yield of 5.12%. Ethan Allen Interiors’ payout ratio is 31.68%.

Ethan Allen Interiors Institutional Trade

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Ethan Allen Interiors stock during Q1 for a value of approximately $114,406,000. Dimensional Fund Advisors LP acquired a new stake in Ethan Allen Interiors during Q1 valued at approximately $47,398,000. Vanguard Group Inc. acquired a new stake in Ethan Allen Interiors during Q1 valued at approximately $44,187,000. LSV Asset Management acquired a new equity stake in Ethan Allen Interiors in Q1 valued at $26,552,000. Finally, State Street Corp acquired a new equity stake in Ethan Allen Interiors in Q1 worth $24,777,000. Institutional investors and hedge funds hold 85.11% of the company’s shares.

About Ethan Allen Interiors

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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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Earnings history and estimates for Ethan Allen Interiors (NYSE:ETD)



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