Ethan Allen Interiors (NYSE:ETH) Issues Q2 2021 After-Hours Earnings Guidance

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Ethan Allen Interiors (NYSE:ETH) updated its second quarter 2021
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.67-0.69 for the period, compared to the Thomson Reuters consensus estimate of $0.46. The company issued revenue guidance of $178.8-178.8 million, compared to the consensus revenue estimate of $177.2 million.

Ethan Allen Interiors stock traded down $0.40 during midday trading on Wednesday, hitting $21.93. 212,622 shares of the stock were exchanged, compared to its average volume of 278,865. Ethan Allen Interiors has a 52-week low of $8.38 and a 52-week high of $22.57. The business’s 50-day moving average price is $19.65 and its 200-day moving average price is $15.66. The stock has a market capitalization of $549.41 million, a price-to-earnings ratio of 148.87 and a beta of 1.21.

Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Thursday, October 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $151.06 million for the quarter, compared to the consensus estimate of $151.10 million. Ethan Allen Interiors had a return on equity of 3.88% and a net margin of 0.73%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, analysts predict that Ethan Allen Interiors will post 1.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 21st. Shareholders of record on Thursday, January 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Wednesday, January 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.21. Ethan Allen Interiors’s dividend payout ratio is 192.31%.

ETH has been the topic of a number of recent analyst reports. TheStreet upgraded Ethan Allen Interiors from a c- rating to a b- rating in a research note on Monday, November 2nd. Telsey Advisory Group boosted their target price on shares of Ethan Allen Interiors from $16.00 to $19.00 and gave the company a market perform rating in a research note on Tuesday, October 13th. BidaskClub upgraded shares of Ethan Allen Interiors from a buy rating to a strong-buy rating in a research note on Wednesday, December 23rd. Finally, Zacks Investment Research downgraded Ethan Allen Interiors from a buy rating to a hold rating in a research note on Wednesday, December 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Ethan Allen Interiors currently has a consensus rating of Hold and a consensus target price of $17.67.

In other news, SVP Daniel M. Grow sold 1,500 shares of Ethan Allen Interiors stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $20.02, for a total value of $30,030.00. Following the completion of the transaction, the senior vice president now owns 4,214 shares in the company, valued at $84,364.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.30% of the stock is owned by company insiders.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States and internationally. The company operates in 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 accent 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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