Equities analysts expect that Ethan Allen Interiors Inc. (NYSE:ETH) will post $179.28 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ethan Allen Interiors’ earnings. The highest sales estimate is $181.10 million and the lowest is $178.33 million. Ethan Allen Interiors posted sales of $187.79 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The company is expected to issue its next quarterly earnings results on Wednesday, October 23rd.
On average, analysts expect that Ethan Allen Interiors will report full-year sales of $738.35 million for the current financial year, with estimates ranging from $731.84 million to $746.20 million. For the next year, analysts expect that the business will post sales of $753.80 million, with estimates ranging from $744.30 million to $763.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $183.90 million for the quarter, compared to analyst estimates of $200.20 million. Ethan Allen Interiors had a return on equity of 11.13% and a net margin of 3.44%. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share.
In related news, SVP Daniel M. Grow sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $19.24, for a total transaction of $28,860.00. Following the completion of the transaction, the senior vice president now directly owns 4,214 shares in the company, valued at approximately $81,077.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 1,406 shares during the period. Quantamental Technologies LLC boosted its holdings in 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 period. Financial Engines Advisors L.L.C. purchased a new position in Ethan Allen Interiors during the 2nd quarter valued at about $205,000. Bank of Montreal Can boosted its holdings in Ethan Allen Interiors by 24.9% during the 2nd quarter. Bank of Montreal Can now owns 10,071 shares of the company’s stock valued at $212,000 after acquiring an additional 2,009 shares during the period. Finally, Jefferies Group LLC purchased a new position in Ethan Allen Interiors during the 2nd quarter valued at about $266,000. Institutional investors own 91.86% of the company’s stock.
Shares of NYSE:ETH traded down $0.41 during midday trading on Wednesday, reaching $18.30. 199,222 shares of the company’s stock were exchanged, compared to its average volume of 275,399. The firm’s 50 day simple moving average is $18.26 and its two-hundred day simple moving average is $19.88. The stock has a market cap of $492.66 million, a price-to-earnings ratio of 11.73 and a beta of 0.98. Ethan Allen Interiors has a fifty-two week low of $16.63 and a fifty-two week high of $23.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.59%. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, October 9th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 48.72%.
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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