Ethan Allen Interiors (NYSE:ETD) Issues Earnings Results, Misses Estimates By $0.18 EPS

Ethan Allen Interiors (NYSE:ETD) announced 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. Ethan Allen Interiors had a return on equity of 14.99% and a net margin of 10.63%. The firm had revenue of $146.42 million during the quarter, compared to analysts’ expectations of $168.15 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Ethan Allen Interiors’s revenue was down 21.4% on a year-over-year basis.

Ethan Allen Interiors Stock Up 1.3 %

ETD traded up $0.38 during mid-day trading on Friday, reaching $29.44. 60,812 shares of the company traded hands, compared to its average volume of 205,445. The stock has a market capitalization of $747.78 million, a P/E ratio of 10.57 and a beta of 1.22. The company’s fifty day moving average price is $32.55 and its 200-day moving average price is $30.32. 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 announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 5.30%. Ethan Allen Interiors’s payout ratio is currently 52.36%.

Analyst Ratings Changes

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