Ethan Allen Interiors (NYSE:ETD) Releases Quarterly Earnings Results

Ethan Allen Interiors (NYSE:ETD) posted its quarterly earnings data on Wednesday. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01), Zacks reports. Ethan Allen Interiors had a return on equity of 13.12% and a net margin of 9.99%.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock traded down $0.29 during trading on Wednesday, hitting $28.64. 267,669 shares of the stock were exchanged, compared to its average volume of 200,904. The firm’s 50-day moving average price is $29.12 and its 200 day moving average price is $29.87. The stock has a market cap of $728.37 million, a price-to-earnings ratio of 11.60 and a beta of 1.31. Ethan Allen Interiors has a 12-month low of $26.53 and a 12-month high of $35.62.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ETD. Telsey Advisory Group restated a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a report on Friday, January 24th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at $48,100,706.85. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.48% of the stock is currently 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, Mexico, Honduras, and Canada. 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 comprising fabric-covered items, such as 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.