Equities analysts expect Ethan Allen Interiors Inc. (NYSE:ETH) to announce sales of $179.28 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Ethan Allen Interiors’ earnings, with the lowest sales estimate coming in at $178.33 million and the highest estimate coming in at $181.10 million. Ethan Allen Interiors reported sales of $187.79 million in the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The business is scheduled to issue its next earnings report 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 anticipate that the company 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 analysts that follow Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Ethan Allen Interiors had a net margin of 3.44% and a return on equity of 11.13%. The company had revenue of $183.90 million during the quarter, compared to analyst estimates of $200.20 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was down 10.6% on a year-over-year basis.
Shares of ETH traded down $0.15 during mid-day trading on Friday, reaching $17.89. The company had a trading volume of 1,425 shares, compared to its average volume of 329,290. The company’s 50 day simple moving average is $19.67 and its 200 day simple moving average is $20.18. Ethan Allen Interiors has a 1-year low of $16.90 and a 1-year high of $23.75. The company has a market capitalization of $474.31 million, a price-to-earnings ratio of 11.47 and a beta of 0.97.
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 issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Wednesday, October 9th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.19. Ethan Allen Interiors’s dividend payout ratio (DPR) is 48.72%.
A number of hedge funds and other institutional investors have recently modified their holdings of ETH. Geode Capital Management LLC boosted its position in shares of Ethan Allen Interiors by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 281,207 shares of the company’s stock valued at $4,946,000 after acquiring an additional 11,204 shares in the last quarter. Bank of America Corp DE grew its holdings in Ethan Allen Interiors by 124.7% during the fourth quarter. Bank of America Corp DE now owns 28,642 shares of the company’s stock valued at $504,000 after purchasing an additional 15,894 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Ethan Allen Interiors by 375.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,571 shares of the company’s stock valued at $151,000 after purchasing an additional 6,768 shares during the period. Legal & General Group Plc grew its holdings in Ethan Allen Interiors by 2.5% during the fourth quarter. Legal & General Group Plc now owns 58,834 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,407 shares during the period. Finally, Norges Bank acquired a new position in Ethan Allen Interiors during the fourth quarter valued at approximately $8,759,000. Institutional investors and hedge funds own 88.97% of the company’s stock.
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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