KeyCorp weighs on Ethan Allen Interiors Inc.’s earnings for fiscal 2022 (NYSE:ETD)


Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) – Equity analysts at KeyCorp raised their fiscal 2022 earnings estimates for Ethan Allen Interiors in a research report released Thursday, April 28. KeyCorp analyst B. Thomas now expects the company to post earnings per share of $3.50 for the year, up from his previous forecast of $3.35. KeyCorp also released earnings estimates for Ethan Allen Interiors for the fourth quarter of 2022 at $0.81 EPS.

Other stock analysts have also recently released research reports on the stock. StockNews.com began covering Ethan Allen Interiors shares in a report on Thursday, March 31. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a Wednesday, March 30 report.

ETD shares opened at $23.74 on Monday. Ethan Allen Interiors has a 1-year low of $22.02 and a 1-year high of $32.15. The company has a market capitalization of $600.65 million, a price-earnings ratio of 6.74 and a beta of 1.11. The company has a fifty-day moving average of $25.90 and a 200-day moving average of $25.24.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released quarterly earnings data on Thursday, April 28. The company reported EPS of $0.93 for the quarter, beating analyst consensus estimates of $0.76 by $0.17. The company posted revenue of $197.66 million in the quarter, versus a consensus estimate of $197.10 million. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.66%. The company’s revenue increased 11.7% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.58.

A number of hedge funds have been buying and selling ETD shares recently. First Citizens Bank & Trust Co. acquired a new stake in Ethan Allen Interiors in the fourth quarter worth approximately $215,000. Pacer Advisors Inc. acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $4,156,000. Everence Capital Management Inc. acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $429,000. Maryland State Retirement & Pension System acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $232,000. Finally, Cim LLC acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $356,000. 86.63% of the shares are held by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25. Investors of record on Tuesday, May 10 will receive a dividend of $0.32. The ex-dividend date is Monday, May 9. This represents an annualized dividend of $1.28 and a yield of 5.39%. This is an increase from Ethan Allen Interiors’ previous quarterly dividend of $0.29. Ethan Allen Interiors’ dividend payout ratio is currently 32.95%.

About Ethan Allen Interiors (Get a rating)

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings 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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