Brokerages predict Ethan Allen Interiors Inc. (NYSE: ETD – Get Rating) will post sales of $199.30 million for the current quarter, according to Zacks. Two analysts have made earnings estimates for Ethan Allen Interiors, with the highest sales estimate of $199.70 million and the lowest estimate of $198.90 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 results on Monday, January 1.
According to Zacks, 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 sell-side analysts who follow Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last reported 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. Ethan Allen Interiors achieved a return on equity of 24.15% and a net margin of 11.73%. The company posted revenue of $197.66 million for the quarter, versus a consensus estimate of $197.10 million. In the same period last year, the company earned $0.58 per share. The company’s revenue for the quarter increased by 11.7% compared to the same quarter last year.
ETD has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a Tuesday, May 3, research report. StockNews.com upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 research note.
ETD stock opened at $23.59 on Friday. The company’s 50-day simple moving average is $25.05 and its 200-day simple moving average is $25.19. The company has a market capitalization of $597.35 million, a PE ratio of 6.70 and a beta of 1.10. Ethan Allen Interiors has a 12-month low of $20.86 and a 12-month high of $31.11.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 received a dividend of $0.32. The ex-dividend date was Monday, May 9. This represents a dividend of $1.28 on an annualized basis and a yield of 5.43%. This is a positive change from Ethan Allen Interiors’ previous quarterly dividend of $0.29. Ethan Allen Interiors’ payout ratio is currently 36.36%.
A number of institutional investors have recently increased or reduced their stake in the company. Hillsdale Investment Management Inc. purchased a new stake in Ethan Allen Interiors stock during Q1 for $33,000. Metropolitan Life Insurance Co NY acquired a new position in Ethan Allen Interiors stock in Q1 worth $39,000. PNC Financial Services Group Inc. acquired a new position in Ethan Allen Interiors stock in Q1 worth $41,000. Dorsey Wright & Associates acquired a new position in Ethan Allen Interiors stock during Q1 worth approximately $42,000. Finally, Fifth Third Bancorp acquired a new position in Ethan Allen Interiors stock during Q1 worth approximately $43,000. Institutional investors hold 85.11% of the company’s shares.
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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