Ethan Allen Interiors Lowered to Underperform at Zacks (ETH)
Ethan Allen Interiors (NYSE:ETH) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, Analyst Ratings.Net reports. They currently have a $24.70 target price on the stock. Zacks‘ price objective would indicate a potential downside of 5.15% from the company’s current price.
Ethan Allen Interiors (NYSE:ETH) traded up 3.53% during mid-day trading on Wednesday, hitting $26.96. The stock had a trading volume of 445,214 shares. Ethan Allen Interiors has a 1-year low of $23.88 and a 1-year high of $33.36. The stock’s 50-day moving average is $29.40 and its 200-day moving average is $28.4. The company has a market cap of $779.5 million and a P/E ratio of 24.34.
Ethan Allen Interiors (NYSE:ETH) last released its earnings data 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. Analysts expect that Ethan Allen Interiors will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 24th. Stockholders 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 1.54%. The ex-dividend date is Tuesday, January 7th.
Separately, analysts at Dougherty & Co downgraded shares of Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th.
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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