Ethan Allen Interiors (NYSE:ETH) issued its quarterly earnings results on Monday. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35, Briefing.com reports. Ethan Allen Interiors had a return on equity of 11.40% and a net margin of 4.23%. The firm had revenue of $173.92 million for the quarter, compared to analyst estimates of $174.07 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year.
Shares of NYSE:ETH traded up $0.27 during trading on Thursday, reaching $19.68. 3,311 shares of the stock were exchanged, compared to its average volume of 177,526. Ethan Allen Interiors has a 1-year low of $16.63 and a 1-year high of $23.11. The stock has a fifty day moving average of $18.98 and a two-hundred day moving average of $19.85. The firm has a market cap of $516.11 million, a price-to-earnings ratio of 12.64 and a beta of 0.94.
Several equities analysts have issued reports on the company. Telsey Advisory Group dropped their price target on Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating on the stock in a research note on Tuesday. ValuEngine lowered Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Finally, Zacks Investment Research raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.15.
In other news, SVP Daniel M. Grow sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $19.24, for a total transaction of $28,860.00. Following the transaction, the senior vice president now directly owns 4,214 shares of the company’s stock, valued at $81,077.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is owned by corporate insiders.
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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