Ethan Allen Interiors (NYSE:ETH) Releases Q3 2021 Earnings Guidance


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Ethan Allen Interiors (NYSE:ETH) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.560-0.580 for the period, compared to the Thomson Reuters consensus estimate of $0.470. The company issued revenue guidance of $177 million-$177 million, compared to the consensus revenue estimate of $173.75 million.

Several research analysts recently weighed in on the stock. Telsey Advisory Group reissued a market perform rating on shares of Ethan Allen Interiors in a research note on Friday. Zacks Investment Research raised shares of Ethan Allen Interiors from a hold rating to a strong-buy rating and set a $33.00 target price for the company in a research note on Friday, April 16th.

Shares of NYSE:ETH traded up $0.46 during trading on Tuesday, reaching $31.02. 564,956 shares of the stock were exchanged, compared to its average volume of 348,873. Ethan Allen Interiors has a 12-month low of $9.08 and a 12-month high of $31.90. The firm has a market cap of $780.87 million, a price-to-earnings ratio of 203.73 and a beta of 1.23. The firm’s 50-day moving average price is $28.37 and its 200 day moving average price is $22.88.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, April 28th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. Ethan Allen Interiors had a return on equity of 3.88% and a net margin of 0.73%. On average, analysts expect that Ethan Allen Interiors will post 1.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Tuesday, May 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, May 10th. Ethan Allen Interiors’s payout ratio is currently 192.31%.

In other Ethan Allen Interiors news, SVP Daniel M. Grow sold 1,214 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $25.30, for a total value of $30,714.20. Following the completion of the transaction, the senior vice president now owns 3,000 shares in the company, valued at approximately $75,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is currently owned by 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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Earnings History and Estimates for Ethan Allen Interiors (NYSE:ETH)

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