Ethan Allen Interiors Downgraded by Dougherty & Co to “Neutral” (ETH)
Ethan Allen Interiors (NYSE:ETH) was downgraded by investment analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Ethan Allen Interiors from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a $31.20 price target on the stock.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $181.70 million for the quarter, compared to the consensus estimate of $181.46 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 24th. Shareholders of record on Thursday, January 9th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, January 7th.
Ethan Allen Interiors Inc (NYSE:ETH), through its wholly owned subsidiary, Ethan Allen Global, Inc and Ethan Allen Global, Inc’s subsidiaries, is a manufacturer and retailer of home furnishings and accessories, offering a complement of home decorating and design solutions through home furnishing retail networks.
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