Ethan Allen Interiors (NYSE:ETH) updated its second quarter 2021
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 0.67-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46. The company issued revenue guidance of $178.8-178.8 million, compared to the consensus revenue estimate of $177.2 million.
A number of research firms have recently commented on ETH. Telsey Advisory Group increased their target price on shares of Ethan Allen Interiors from $16.00 to $19.00 and gave the stock a market perform rating in a report on Tuesday, October 13th. Zacks Investment Research cut shares of Ethan Allen Interiors from a buy rating to a hold rating in a report on Wednesday, December 30th. TheStreet raised shares of Ethan Allen Interiors from a c- rating to a b- rating in a report on Monday, November 2nd. Finally, BidaskClub raised shares of Ethan Allen Interiors from a buy rating to a strong-buy rating in a report on Wednesday, December 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $17.67.
Shares of Ethan Allen Interiors stock traded down $0.40 during midday trading on Wednesday, reaching $21.93. 213,022 shares of the company’s stock traded hands, compared to its average volume of 278,915. The company has a market cap of $549.41 million, a PE ratio of 146.20 and a beta of 1.21. The stock has a 50 day moving average of $19.65 and a 200-day moving average of $15.66. Ethan Allen Interiors has a 12 month low of $8.38 and a 12 month high of $22.57.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Thursday, October 29th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $151.06 million during the quarter, compared to the consensus estimate of $151.10 million. Ethan Allen Interiors had a return on equity of 3.88% and a net margin of 0.73%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Research analysts anticipate that Ethan Allen Interiors will post 1.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 21st. Investors of record on Thursday, January 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.56%. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, January 6th. Ethan Allen Interiors’s dividend payout ratio is presently 192.31%.
In related news, SVP Daniel M. Grow sold 1,500 shares of the company’s stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $20.02, for a total value of $30,030.00. Following the sale, the senior vice president now directly owns 4,214 shares of the company’s stock, valued at $84,364.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.30% 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 the United States and internationally. The company operates in 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 accent 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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