Equities analysts expect Ethan Allen Interiors Inc. (NYSE:ETH) to post $201.79 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Ethan Allen Interiors’ earnings, with the lowest sales estimate coming in at $200.20 million and the highest estimate coming in at $204.40 million. Ethan Allen Interiors posted sales of $198.48 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 23rd.
On average, analysts expect that Ethan Allen Interiors will report full year sales of $783.39 million for the current financial year, with estimates ranging from $780.00 million to $788.80 million. For the next fiscal year, analysts expect that the firm will report sales of $804.78 million, with estimates ranging from $800.00 million to $813.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Ethan Allen Interiors had a net margin of 4.89% and a return on equity of 9.66%. The firm had revenue of $187.79 million for the quarter, compared to analysts’ expectations of $186.90 million.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. ValuEngine upgraded Ethan Allen Interiors from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Telsey Advisory Group cut their price objective on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, October 25th. Finally, Raymond James downgraded Ethan Allen Interiors from a “strong-buy” rating to an “outperform” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.75.
Shares of Ethan Allen Interiors stock opened at $19.69 on Friday. Ethan Allen Interiors has a 52 week low of $18.53 and a 52 week high of $29.64. The stock has a market capitalization of $525.81 million, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.23 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Thursday, January 10th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, January 9th. This represents a $0.76 annualized dividend and a yield of 3.86%. Ethan Allen Interiors’s payout ratio is presently 56.30%.
In other Ethan Allen Interiors news, Chairman M Farooq Kathwari sold 37,882 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $21.51, for a total transaction of $814,841.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James B. Carlson acquired 2,000 shares of the business’s stock in a transaction on Friday, November 16th. The shares were bought at an average price of $19.38 per share, for a total transaction of $38,760.00. The disclosure for this purchase can be found here. 10.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new stake in Ethan Allen Interiors during the 2nd quarter worth about $564,000. Itau Unibanco Holding S.A. acquired a new position in shares of Ethan Allen Interiors in the 2nd quarter valued at about $231,000. LSV Asset Management increased its holdings in shares of Ethan Allen Interiors by 2.6% in the 3rd quarter. LSV Asset Management now owns 1,240,326 shares of the company’s stock valued at $25,736,000 after purchasing an additional 31,374 shares during the period. Gabelli Funds LLC increased its holdings in shares of Ethan Allen Interiors by 17.6% in the 2nd quarter. Gabelli Funds LLC now owns 20,000 shares of the company’s stock valued at $490,000 after purchasing an additional 3,000 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Ethan Allen Interiors by 2.4% in the 2nd quarter. BlackRock Inc. now owns 3,703,905 shares of the company’s stock valued at $90,746,000 after purchasing an additional 85,620 shares during the period. Hedge funds and other institutional investors own 93.07% of the company’s stock.
About Ethan Allen Interiors
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.
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