Equities Analysts Set Expectations for Ethan Allen Interiors Inc.’s Q1 2018 Earnings (ETH)
Ethan Allen Interiors Inc. (NYSE:ETH) – Investment analysts at Dougherty & Co dropped their Q1 2018 earnings estimates for shares of Ethan Allen Interiors in a report released on Monday. Dougherty & Co analyst J. Hamblin now anticipates that the company will earn $0.43 per share for the quarter, down from their prior forecast of $0.45.
Several other brokerages also recently weighed in on ETH. BidaskClub raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet raised Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.00.
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Ethan Allen Interiors (ETH) traded down 2.08% during midday trading on Wednesday, reaching $30.65. 39,726 shares of the company traded hands. The firm has a 50-day moving average of $30.40 and a 200-day moving average of $30.14. Ethan Allen Interiors has a 1-year low of $26.75 and a 1-year high of $38.80. The stock has a market capitalization of $841.25 million, a P/E ratio of 23.76 and a beta of 1.20.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $194.90 million during the quarter, compared to analyst estimates of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS.
Hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in shares of Ethan Allen Interiors by 40.7% during the 2nd quarter. Fisher Asset Management LLC now owns 81,365 shares of the company’s stock worth $2,628,000 after buying an additional 23,542 shares during the period. Teachers Advisors LLC raised its stake in shares of Ethan Allen Interiors by 1.2% during the 1st quarter. Teachers Advisors LLC now owns 41,120 shares of the company’s stock worth $1,260,000 after buying an additional 469 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of Ethan Allen Interiors by 8.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 452,211 shares of the company’s stock worth $14,606,000 after buying an additional 36,419 shares during the period. Uniplan Investment Counsel Inc. acquired a new position in shares of Ethan Allen Interiors during the 2nd quarter worth approximately $5,088,000. Finally, BlackRock Inc. raised its stake in shares of Ethan Allen Interiors by 122,313.2% during the 1st quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock worth $105,279,000 after buying an additional 3,432,107 shares during the period. 99.41% of the stock is owned by institutional investors and hedge funds.
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 paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, October 6th. Ethan Allen Interiors’s payout ratio is 58.92%.
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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