Ethan Allen Interiors (NYSE:ETD) Reports Earnings, Beats Estimates by $0.45 EPS

Ethan Allen Interiors Inc (NYSE:ETD – Get Rating) released its results on Wednesday. The company reported EPS of $1.25 for the quarter, beating the consensus estimate of $0.80 by $0.45, Fidelity Earnings reports. Ethan Allen Interiors achieved a return on equity of 27.48% and a net margin of 12.63%. In the same quarter a year earlier, the company had earned earnings per share of $0.74.

Ethan Allen Interiors Stock Performance

NYSE:ETD traded down $0.82 during Friday trading, hitting $24.43. The company’s stock had a trading volume of 6,993 shares, compared to an average volume of 196,894. The company has a market capitalization of $618.57 million, a price-earnings ratio of 6.25 and a beta of 1.15. Ethan Allen Interiors has a 12-month low of $19.60 and a 12-month high of $28.04. The company has a 50-day moving average of $21.95 and a 200-day moving average of $24.09.

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 5.24%. Ethan Allen Interiors’ dividend payout ratio (DPR) is currently 31.68%.

Institutional entries and exits

Several large investors have recently increased or reduced their holdings in ETD. Metropolitan Life Insurance Co NY bought a new stake in Ethan Allen Interiors stock in Q1 worth approximately $39,000. PNC Financial Services Group Inc. bought a new position in Ethan Allen Interiors during Q1 worth approximately $41,000. Ameritas Investment Partners Inc. purchased a new stake in Ethan Allen Interiors stock in Q1 worth approximately $50,000. Captrust Financial Advisors bought a new stake in Ethan Allen Interiors stock in Q1 worth approximately $57,000. Finally, Lazard Asset Management LLC purchased a new equity stake in Ethan Allen Interiors in Q1 worth approximately $67,000. Institutional investors hold 85.11% of the company’s shares.

Analyst upgrades and downgrades

ETD has been the subject of several analyst reports. Telsey Advisory Group cut its price target on Ethan Allen Interiors from $26.00 to $25.00 and set a “market performance” rating on the stock in a report on Monday. upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 research note.

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 for Ethan Allen Interiors (NYSE:ETD)

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