Ethan Allen Interiors (NYSE:ETH) Updates Q2 Earnings Guidance

Ethan Allen Interiors (NYSE:ETH) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.25-0.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42. The company issued revenue guidance of approx $175 million, compared to the consensus revenue estimate of $184.30 million.Ethan Allen Interiors also updated its Q2 2020
After-Hours guidance to 0.25-0.27 EPS.

Shares of ETH traded up $0.23 during mid-day trading on Monday, reaching $17.85. The company’s stock had a trading volume of 113,600 shares, compared to its average volume of 234,900. Ethan Allen Interiors has a 1-year low of $16.63 and a 1-year high of $23.11. The stock has a market cap of $468.51 million, a P/E ratio of 11.44 and a beta of 0.91. The business has a 50-day simple moving average of $18.13 and a two-hundred day simple moving average of $18.81. The company has a current ratio of 1.46, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32.

Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Monday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Ethan Allen Interiors had a return on equity of 11.39% and a net margin of 4.23%. The company had revenue of $173.92 million during the quarter, compared to analysts’ expectations of $174.07 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. Research analysts anticipate that Ethan Allen Interiors will post 1.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be given a $0.21 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.71%. Ethan Allen Interiors’s payout ratio is 53.85%.

ETH has been the subject of a number of recent analyst reports. Zacks Investment Research raised Ethan Allen Interiors from a sell rating to a hold rating in a research report on Tuesday, January 7th. ValuEngine raised Ethan Allen Interiors from a sell rating to a hold rating in a research report on Friday, January 3rd. Telsey Advisory Group cut their price objective on Ethan Allen Interiors from $20.00 to $19.00 and set a market perform rating for the company in a research report on Tuesday, November 5th. Finally, TheStreet cut Ethan Allen Interiors from a b- rating to a c+ rating in a research report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and an average price target of $20.15.

Ethan Allen Interiors Company Profile

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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