Ethan Allen Interiors Inc. (ETH) Issues Earnings Results, Hits Expectations
Ethan Allen Interiors Inc. (NYSE:ETH) posted its quarterly earnings results on Monday. The company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42, Bloomberg Earnings reports. Ethan Allen Interiors had a net margin of 5.33% and a return on equity of 11.31%. The company had revenue of $194.90 million during the quarter, compared to analyst estimates of $194.94 million. During the same period in the prior year, the business posted $0.57 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year.
Shares of Ethan Allen Interiors (NYSE:ETH) traded down 1.12% on Wednesday, reaching $30.80. 261,098 shares of the company’s stock were exchanged. Ethan Allen Interiors has a one year low of $26.75 and a one year high of $38.80. The company’s 50 day moving average is $30.15 and its 200-day moving average is $29.84. The stock has a market cap of $853.04 million, a price-to-earnings ratio of 20.78 and a beta of 1.17.
A number of brokerages have issued reports on ETH. Telsey Advisory Group reduced their price objective on shares of Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, April 27th. Stifel Nicolaus reduced their price objective on shares of Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. TheStreet downgraded shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. Finally, BidaskClub downgraded shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.00.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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