Ethan Allen Interiors Inc. (ETH) Forecasted to Post Q2 2018 Earnings of $0.50 Per Share
Ethan Allen Interiors Inc. (NYSE:ETH) – Equities research analysts at KeyCorp reduced their Q2 2018 earnings per share (EPS) estimates for shares of Ethan Allen Interiors in a research report issued on Wednesday. KeyCorp analyst B. Thomas now forecasts that the company will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.51. KeyCorp currently has a “Hold” rating on the stock.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The company had revenue of $181.30 million during the quarter, compared to analyst estimates of $181.30 million. Ethan Allen Interiors’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share.
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Several other equities research analysts have also commented on the company. BidaskClub downgraded Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, October 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $27.00 price target on shares of Ethan Allen Interiors in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.50.
Shares of Ethan Allen Interiors (NYSE:ETH) opened at 30.05 on Monday. Ethan Allen Interiors has a 1-year low of $26.75 and a 1-year high of $38.80. The stock has a market cap of $824.78 million, a price-to-earnings ratio of 23.29 and a beta of 1.20. The stock’s 50 day moving average price is $30.96 and its 200-day moving average price is $30.20.
Several large investors have recently made changes to their positions in ETH. Fisher Asset Management LLC boosted its holdings in Ethan Allen Interiors by 40.7% during the second 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 in the last quarter. Teachers Advisors LLC boosted its holdings in Ethan Allen Interiors by 1.2% during the first quarter. Teachers Advisors LLC now owns 41,120 shares of the company’s stock worth $1,260,000 after buying an additional 469 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Ethan Allen Interiors by 8.8% during the second 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 in the last quarter. Uniplan Investment Counsel Inc. acquired a new position in Ethan Allen Interiors in the 2nd quarter worth approximately $5,088,000. Finally, BlackRock Inc. boosted its stake in Ethan Allen Interiors by 122,313.2% in the 1st quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock worth $105,279,000 after purchasing an additional 3,432,107 shares during the period. Institutional investors own 96.78% of the company’s stock.
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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