Ethan Allen Interiors Inc. (ETH) Expected to Announce Earnings of $0.49 Per Share

Equities research analysts expect Ethan Allen Interiors Inc. (NYSE:ETH) to announce earnings per share (EPS) of $0.49 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ethan Allen Interiors’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.52. Ethan Allen Interiors reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 14%. The business is scheduled to issue its next earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Ethan Allen Interiors will report full-year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.62. For the next year, analysts expect that the company will post earnings of $1.72 per share, with EPS estimates ranging from $1.66 to $1.76. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Ethan Allen Interiors.

Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Monday, April 29th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.14. Ethan Allen Interiors had a return on equity of 10.84% and a net margin of 5.27%. The company had revenue of $177.80 million for the quarter, compared to analyst estimates of $181.02 million. During the same period in the prior year, the company posted $0.11 EPS. The company’s revenue was down 2.0% compared to the same quarter last year.

Several research firms have recently weighed in on ETH. ValuEngine upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded Ethan Allen Interiors from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 price objective (up from $20.00) on shares of Ethan Allen Interiors in a research note on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Ethan Allen Interiors presently has a consensus rating of “Hold” and an average price target of $21.48.

ETH stock opened at $20.91 on Friday. Ethan Allen Interiors has a 1-year low of $16.90 and a 1-year high of $25.55. The company has a market capitalization of $565.61 million, a PE ratio of 15.49, a P/E/G ratio of 0.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.77.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $0.76 annualized dividend and a dividend yield of 3.63%. Ethan Allen Interiors’s dividend payout ratio is currently 56.30%.

Several hedge funds have recently added to or reduced their stakes in ETH. Strs Ohio grew its position in Ethan Allen Interiors by 189.7% during the 4th quarter. Strs Ohio now owns 31,000 shares of the company’s stock worth $545,000 after acquiring an additional 20,300 shares during the last quarter. Arizona State Retirement System grew its position in Ethan Allen Interiors by 6.3% during the 4th quarter. Arizona State Retirement System now owns 38,052 shares of the company’s stock worth $669,000 after acquiring an additional 2,262 shares during the last quarter. Rhumbline Advisers grew its position in Ethan Allen Interiors by 14.1% during the 4th quarter. Rhumbline Advisers now owns 96,652 shares of the company’s stock worth $1,700,000 after acquiring an additional 11,908 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Ethan Allen Interiors during the 4th quarter worth approximately $1,092,000. Finally, LSV Asset Management grew its position in Ethan Allen Interiors by 3.3% during the 4th quarter. LSV Asset Management now owns 1,280,926 shares of the company’s stock worth $22,531,000 after acquiring an additional 40,600 shares during the last quarter. Institutional investors own 89.66% 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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Earnings History and Estimates for Ethan Allen Interiors (NYSE:ETH)

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