Ethan Allen Interiors (NYSE:ETH) Issues Q2 Earnings Guidance

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Ethan Allen Interiors (NYSE:ETH) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.67-0.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46. Ethan Allen Interiors also updated its Q2 2021
After-Hours guidance to 0.67-0.69 EPS.

Shares of ETH stock traded up $1.37 on Thursday, hitting $23.30. The stock had a trading volume of 8,780 shares, compared to its average volume of 278,918. Ethan Allen Interiors has a one year low of $8.38 and a one year high of $22.57. The business has a 50 day moving average price of $19.72 and a 200 day moving average price of $15.72. The company has a market cap of $583.73 million, a PE ratio of 154.80 and a beta of 1.21.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Thursday, October 29th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $151.06 million for the quarter, compared to the consensus estimate of $151.10 million. Ethan Allen Interiors had a net margin of 0.73% and a return on equity of 3.88%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, research analysts predict that Ethan Allen Interiors will post 1.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 21st. Investors of record on Thursday, January 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 4.29%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 192.31%.

Several brokerages have recently commented on ETH. Zacks Investment Research downgraded Ethan Allen Interiors from a buy rating to a hold rating in a report on Wednesday, December 30th. Telsey Advisory Group increased their price target on shares of Ethan Allen Interiors from $19.00 to $23.00 and gave the stock a market perform rating in a research note on Thursday. Finally, TheStreet upgraded Ethan Allen Interiors from a c- rating to a b- rating in a report on Monday, November 2nd.

In other Ethan Allen Interiors 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 transaction of $30,030.00. Following the completion of the sale, the senior vice president now directly owns 4,214 shares in the company, valued at $84,364.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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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