Ethan Allen Interiors (NYSE:ETD) Posts Earnings Results, Misses Expectations By $0.16 EPS

Ethan Allen Interiors (NYSE:ETD) issued its quarterly earnings data on Monday. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16), FiscalAI reports. The business had revenue of $129.60 million during the quarter, compared to the consensus estimate of $135.60 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%. Ethan Allen Interiors’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share.

Ethan Allen Interiors Stock Up 0.8%

ETD opened at $20.23 on Tuesday. Ethan Allen Interiors has a 52 week low of $18.28 and a 52 week high of $25.26. The stock has a market cap of $509.85 million, a PE ratio of 12.97 and a beta of 1.09. The business has a 50 day moving average of $21.07 and a 200-day moving average of $21.97.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, November 20th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 100.00%.

Insiders Place Their Bets

In related news, CEO M Kathwari sold 1,063 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total value of $26,617.52. Following the sale, the chief executive officer directly owned 22,077 shares of the company’s stock, valued at $552,808.08. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ETD shares. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings upgraded shares of Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 29th. Finally, Telsey Advisory Group decreased their price objective on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.00.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related products. Its offerings include living room, dining room and bedroom furniture, upholstery, case goods, home accents, mattresses and other furnishings for residential interiors.

The company sells its products through a network of Ethan Allen Design Centers, interior designers and independent retailers, as well as through its website and other digital channels.