Brokerages Expect Ethan Allen Interiors Inc. (ETH) Will Post Earnings of $0.17 Per Share

Wall Street analysts expect that Ethan Allen Interiors Inc. (NYSE:ETH) will report $0.17 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ethan Allen Interiors’ earnings. The highest EPS estimate is $0.18 and the lowest is $0.13. Ethan Allen Interiors reported earnings of $0.23 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 26.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that Ethan Allen Interiors will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.44 to $1.57. For the next fiscal year, analysts anticipate that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.66 to $1.93. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ethan Allen Interiors.

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Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The business had revenue of $198.50 million for the quarter, compared to the consensus estimate of $198.50 million. During the same period last year, the business posted $0.39 EPS. The business’s revenue was up 2.0% compared to the same quarter last year.

A number of analysts have recently weighed in on ETH shares. Telsey Advisory Group lowered their price objective on Ethan Allen Interiors from $27.00 to $26.00 and set a “market perform” rating for the company in a research report on Thursday, January 25th. ValuEngine cut Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Zacks Investment Research cut Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Thursday, April 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of Ethan Allen Interiors in a research report on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

In other news, CFO Corey Whitely purchased 1,700 shares of the stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $24.65 per share, with a total value of $41,905.00. Following the transaction, the chief financial officer now owns 12,574 shares in the company, valued at approximately $309,949.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman M Farooq Kathwari purchased 4,090 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $24.37 per share, with a total value of $99,673.30. The disclosure for this purchase can be found here. Insiders bought a total of 6,630 shares of company stock valued at $161,654 in the last three months. Insiders own 10.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ETH. Millennium Management LLC lifted its position in Ethan Allen Interiors by 60.8% during the 4th quarter. Millennium Management LLC now owns 952,123 shares of the company’s stock worth $27,231,000 after acquiring an additional 360,049 shares during the period. Renaissance Technologies LLC lifted its position in Ethan Allen Interiors by 427.3% during the 4th quarter. Renaissance Technologies LLC now owns 434,000 shares of the company’s stock worth $12,412,000 after acquiring an additional 351,700 shares during the period. Deutsche Bank AG lifted its position in Ethan Allen Interiors by 219.3% during the 4th quarter. Deutsche Bank AG now owns 408,776 shares of the company’s stock worth $11,690,000 after acquiring an additional 280,755 shares during the period. Jane Street Group LLC lifted its position in Ethan Allen Interiors by 105.4% during the 3rd quarter. Jane Street Group LLC now owns 13,436 shares of the company’s stock worth $435,000 after acquiring an additional 263,436 shares during the period. Finally, BlackRock Inc. lifted its position in Ethan Allen Interiors by 7.3% during the 4th quarter. BlackRock Inc. now owns 3,696,274 shares of the company’s stock worth $105,713,000 after acquiring an additional 252,480 shares during the period.

Shares of Ethan Allen Interiors stock traded down $0.20 during trading on Friday, reaching $22.35. The company’s stock had a trading volume of 314,323 shares, compared to its average volume of 314,249. The stock has a market capitalization of $616.83, a price-to-earnings ratio of 15.41, a PEG ratio of 1.61 and a beta of 1.07. Ethan Allen Interiors has a 1-year low of $21.50 and a 1-year high of $33.13.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be given a $0.19 dividend. The ex-dividend date is Tuesday, April 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.40%. Ethan Allen Interiors’s payout ratio is 52.41%.

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Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.

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Earnings History and Estimates for Ethan Allen Interiors (NYSE:ETH)

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