$198.59 Million in Sales Expected for Ethan Allen Interiors Inc. (ETH) This Quarter
Brokerages expect Ethan Allen Interiors Inc. (NYSE:ETH) to report $198.59 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Ethan Allen Interiors’ earnings, with the lowest sales estimate coming in at $197.69 million and the highest estimate coming in at $199.25 million. Ethan Allen Interiors reported sales of $193.29 million in the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The business is expected to report its next earnings report on Tuesday, October 24th.
On average, analysts expect that Ethan Allen Interiors will report full-year sales of $198.59 million for the current year, with estimates ranging from $788.20 million to $807.45 million. For the next fiscal year, analysts forecast that the firm will report sales of $822.97 million per share, with estimates ranging from $804.00 million to $844.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The company had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $194.94 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Thursday, April 27th. BidaskClub lowered Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Telsey Advisory Group reduced their price objective on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, April 27th. Finally, Stifel Nicolaus reduced their price objective on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ethan Allen Interiors presently has an average rating of “Buy” and an average target price of $33.25.
Several hedge funds have recently added to or reduced their stakes in ETH. Stoneridge Investment Partners LLC acquired a new stake in Ethan Allen Interiors during the first quarter worth about $1,711,000. Great West Life Assurance Co. Can raised its stake in shares of Ethan Allen Interiors by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 34,206 shares of the company’s stock valued at $1,047,000 after buying an additional 1,444 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Ethan Allen Interiors by 3.9% in the first quarter. Bowling Portfolio Management LLC now owns 16,557 shares of the company’s stock valued at $507,000 after buying an additional 614 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its stake in shares of Ethan Allen Interiors by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 32,300 shares of the company’s stock valued at $990,000 after buying an additional 900 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Ethan Allen Interiors by 4.9% in the first quarter. First Citizens Bank & Trust Co. now owns 7,149 shares of the company’s stock valued at $219,000 after buying an additional 335 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
Ethan Allen Interiors (NYSE:ETH) opened at 32.30 on Tuesday. The stock has a 50 day moving average price of $30.79 and a 200-day moving average price of $29.79. The firm has a market capitalization of $892.51 million, a PE ratio of 25.04 and a beta of 1.16. Ethan Allen Interiors has a 12-month low of $26.75 and a 12-month high of $38.80.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.35%. Ethan Allen Interiors’s payout ratio is currently 58.92%.
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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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