Ethan Allen Interiors Inc. (ETH) Expected to Post Quarterly Sales of $189.02 Million

Brokerages expect that Ethan Allen Interiors Inc. (NYSE:ETH) will report sales of $189.02 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ethan Allen Interiors’ earnings, with the highest sales estimate coming in at $190.40 million and the lowest estimate coming in at $187.70 million. Ethan Allen Interiors reported sales of $180.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Ethan Allen Interiors will report full year sales of $189.02 million for the current fiscal year, with estimates ranging from $766.30 million to $776.68 million. For the next fiscal year, analysts anticipate that the firm will post sales of $794.26 million per share, with estimates ranging from $780.64 million to $809.70 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Ethan Allen Interiors.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The company had revenue of $198.50 million during the quarter, compared to the consensus estimate of $198.50 million. During the same period in the prior year, the company earned $0.39 EPS. Ethan Allen Interiors’s revenue was up 2.0% on a year-over-year basis.

A number of brokerages have weighed in on ETH. Zacks Investment Research downgraded shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Stifel Nicolaus cut their price target on shares of Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 25th. Telsey Advisory Group cut their price target on shares of Ethan Allen Interiors from $27.00 to $26.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Finally, TheStreet downgraded shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Five 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 stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.80.

A number of hedge funds have recently bought and sold shares of the business. LSV Asset Management lifted its stake in Ethan Allen Interiors by 0.3% during the fourth quarter. LSV Asset Management now owns 1,182,752 shares of the company’s stock valued at $33,826,000 after buying an additional 3,900 shares in the last quarter. Foundry Partners LLC lifted its stake in Ethan Allen Interiors by 69.3% during the fourth quarter. Foundry Partners LLC now owns 155,490 shares of the company’s stock valued at $4,447,000 after buying an additional 63,670 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Ethan Allen Interiors during the fourth quarter valued at about $311,000. Acadian Asset Management LLC purchased a new stake in Ethan Allen Interiors during the fourth quarter valued at about $575,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Ethan Allen Interiors by 5.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 233,755 shares of the company’s stock valued at $6,686,000 after buying an additional 12,166 shares in the last quarter. 96.75% of the stock is owned by institutional investors.

Shares of Ethan Allen Interiors (NYSE ETH) opened at $23.85 on Tuesday. Ethan Allen Interiors has a 1-year low of $23.70 and a 1-year high of $33.13. The firm has a market cap of $670.41, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio is presently 58.02%.

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Ethan Allen Interiors Company Profile

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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Earnings History and Estimates for Ethan Allen Interiors (NYSE:ETH)

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