Ethan Allen Interiors (NYSE:ETD) Releases Earnings Results, Misses Estimates By $0.16 EPS

Ethan Allen Interiors (NYSE:ETD) announced its quarterly earnings results on Monday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16), FiscalAI reports. Ethan Allen Interiors had a net margin of 5.54% and a return on equity of 6.12%. The firm had revenue of $129.60 million during the quarter, compared to the consensus estimate of $135.60 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was down 11.8% on a year-over-year basis.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $17.77 on Wednesday. The firm has a market cap of $447.68 million, a PE ratio of 14.56 and a beta of 1.09. The firm’s fifty day moving average is $20.95 and its 200-day moving average is $21.93. Ethan Allen Interiors has a 52 week low of $17.40 and a 52 week high of $25.26.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Kathwari sold 1,063 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total value of $26,617.52. Following the completion of the sale, the chief executive officer directly owned 22,077 shares in the company, valued at $552,808.08. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ETD shares. Telsey Advisory Group lowered their target price on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, July 30th. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 29th. Three analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

About Ethan Allen Interiors

Ethan Allen Interiors Inc. is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related home products. Its offerings include upholstered and wood furniture, rugs, lighting, bedding and decorative accessories for living rooms, dining rooms, bedrooms and other spaces. The company also provides interior design services through its design centers, where customers can work with designers on individual purchases or coordinated home furnishings.