Ethan Allen Interiors Inc. (NYSE:ETH) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Wednesday, July 10th will be given a dividend of 0.19 per share on Thursday, July 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, July 9th.
Ethan Allen Interiors has raised its dividend by an average of 13.5% annually over the last three years. Ethan Allen Interiors has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ethan Allen Interiors to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 44.2%.
Ethan Allen Interiors stock opened at $20.74 on Friday. The company has a 50 day simple moving average of $20.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.77. The stock has a market capitalization of $551.27 million, a P/E ratio of 15.36, a PEG ratio of 0.80 and a beta of 0.99. Ethan Allen Interiors has a 1-year low of $16.90 and a 1-year high of $25.30.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Monday, April 29th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.14. The company had revenue of $177.80 million for the quarter, compared to the consensus estimate of $181.02 million. Ethan Allen Interiors had a return on equity of 10.84% and a net margin of 5.27%. Ethan Allen Interiors’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Research analysts expect that Ethan Allen Interiors will post 1.59 EPS for the current fiscal year.
ETH has been the subject of a number of analyst reports. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and issued a $58.00 target price (down from $65.00) on shares of Texas Roadhouse in a research note on Tuesday, April 30th. Finally, ValuEngine lowered Virtu Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.82.
Ethan Allen Interiors Company Profile
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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