Ethan Allen Interiors Inc. (NYSE:ETH) – KeyCorp decreased their Q3 2018 earnings per share (EPS) estimates for shares of Ethan Allen Interiors in a research note issued to investors on Wednesday. KeyCorp analyst B. Thomas now forecasts that the company will earn $0.28 per share for the quarter, down from their prior forecast of $0.34. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Ethan Allen Interiors’ Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.60 EPS.
A number of other analysts also recently issued reports on ETH. 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 research report on Friday, October 13th. Stifel Nicolaus restated a “hold” rating and issued a $27.00 price target on shares of Ethan Allen Interiors in a research report on Friday, October 13th. TheStreet downgraded Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target (down from $33.00) on shares of Ethan Allen Interiors in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Ethan Allen Interiors presently has a consensus rating of “Hold” and an average price target of $30.80.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Wednesday, January 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $198.50 million during the quarter, compared to the consensus estimate of $198.50 million. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were paid a $0.19 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 2.93%. Ethan Allen Interiors’s payout ratio is 58.02%.
A number of hedge funds have recently added to or reduced their stakes in ETH. Tiedemann Wealth Management LLC increased its stake in Ethan Allen Interiors by 39.5% in the third quarter. Tiedemann Wealth Management LLC now owns 28,231 shares of the company’s stock worth $244,000 after purchasing an additional 8,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Ethan Allen Interiors in the third quarter worth $259,000. Fox Run Management L.L.C. purchased a new stake in Ethan Allen Interiors in the fourth quarter worth $311,000. SG Americas Securities LLC increased its stake in Ethan Allen Interiors by 180.1% in the third quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after purchasing an additional 6,986 shares during the period. Finally, Financial Engines Advisors L.L.C. increased its stake in Ethan Allen Interiors by 24.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock worth $370,000 after purchasing an additional 2,223 shares during the period. Institutional investors and hedge funds own 99.41% of the company’s stock.
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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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