Wall Street brokerages expect Ethan Allen Interiors Inc. (NYSE:ETH) to announce $182.67 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ethan Allen Interiors’ earnings, with the highest sales estimate coming in at $183.40 million and the lowest estimate coming in at $181.70 million. Ethan Allen Interiors posted sales of $197.15 million in the same quarter last year, which suggests a negative year over year growth rate of 7.3%. The firm is expected to report its next quarterly earnings report on Monday, January 27th.
On average, analysts expect that Ethan Allen Interiors will report full year sales of $715.53 million for the current financial year, with estimates ranging from $712.02 million to $718.97 million. For the next financial year, analysts expect that the business will report sales of $723.10 million, with estimates ranging from $722.70 million to $723.50 million. Zacks’ sales averages are an average based on a survey of analysts that cover Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Ethan Allen Interiors had a net margin of 4.23% and a return on equity of 11.39%. The company had revenue of $173.92 million during the quarter, compared to analyst estimates of $174.07 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year.
ETH has been the topic of several recent research reports. Zacks Investment Research cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Tuesday. Telsey Advisory Group lowered their target price on shares of Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Finally, ValuEngine cut shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.15.
In other Ethan Allen Interiors news, SVP Daniel M. Grow sold 1,500 shares of Ethan Allen Interiors stock in a transaction on Monday, September 16th. The shares were sold at an average price of $19.24, for a total transaction of $28,860.00. Following the sale, the senior vice president now owns 4,214 shares of the company’s stock, valued at approximately $81,077.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.40% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in ETH. Parallel Advisors LLC boosted its stake in Ethan Allen Interiors by 1,314.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,513 shares of the company’s stock worth $32,000 after purchasing an additional 1,406 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $51,000. Quantamental Technologies LLC boosted its position in shares of Ethan Allen Interiors by 804.5% during the 2nd quarter. Quantamental Technologies LLC now owns 3,582 shares of the company’s stock valued at $75,000 after acquiring an additional 3,186 shares during the last quarter. Pacer Advisors Inc. lifted its position in Ethan Allen Interiors by 53.0% in the third quarter. Pacer Advisors Inc. now owns 9,801 shares of the company’s stock valued at $187,000 after buying an additional 3,394 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in Ethan Allen Interiors in the second quarter valued at about $205,000. 91.68% of the stock is currently owned by institutional investors.
Shares of ETH opened at $19.11 on Friday. Ethan Allen Interiors has a 52-week low of $16.63 and a 52-week high of $23.11. The company has a quick ratio of 0.51, a current ratio of 1.46 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $19.09 and its two-hundred day moving average is $19.82. The stock has a market cap of $501.35 million, a PE ratio of 12.25 and a beta of 0.94.
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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