Ethan Allen Interiors (NYSE:ETD) Announces Earnings Results

Ethan Allen Interiors (NYSE:ETD) released its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18), Briefing.com reports. The firm had revenue of $146.42 million for the quarter, compared to the consensus estimate of $168.15 million. Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.99%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share.

Ethan Allen Interiors Stock Down 0.1 %

Shares of NYSE ETD traded down $0.03 during trading on Friday, reaching $29.03. 90,823 shares of the company traded hands, compared to its average volume of 205,799. The firm has a 50 day simple moving average of $32.55 and a 200-day simple moving average of $30.32. The stock has a market capitalization of $737.36 million, a PE ratio of 10.57 and a beta of 1.22. Ethan Allen Interiors has a 52-week low of $24.76 and a 52-week high of $36.19.

Ethan Allen Interiors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Tuesday, May 7th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 52.36%.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday.

Ethan Allen Interiors Company Profile

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.