Ethan Allen Interiors Inc. (ETH) Updates FY17 Earnings Guidance
Ethan Allen Interiors Inc. (NYSE:ETH) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $1.44 -1.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. The company issued revenue guidance of $763.4 million, compared to the consensus revenue estimate of $770.03 million.Ethan Allen Interiors also updated its Q4 guidance to $0.41-0.42 EPS.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) opened at 30.45 on Tuesday. Ethan Allen Interiors Inc. has a 1-year low of $26.75 and a 1-year high of $38.80. The company has a market cap of $843.34 million, a PE ratio of 20.55 and a beta of 1.16. The company has a 50-day moving average price of $28.63 and a 200-day moving average price of $30.63.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, April 26th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.04. Ethan Allen Interiors had a net margin of 5.33% and a return on equity of 11.31%. The firm had revenue of $180.20 million for the quarter, compared to analysts’ expectations of $184.18 million. During the same period in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Equities research analysts expect that Ethan Allen Interiors Inc. will post $1.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, July 7th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 51.70%.
A number of research firms recently weighed in on ETH. BidaskClub lowered Ethan Allen Interiors from a buy rating to a hold rating in a research report on Saturday, July 8th. TheStreet raised Ethan Allen Interiors from a c+ rating to a b- rating in a research report on Thursday, June 29th. Stifel Nicolaus reduced their target price on Ethan Allen Interiors from $34.00 to $30.00 and set a hold rating for the company in a report on Friday, April 28th. Finally, Telsey Advisory Group reduced their target price on Ethan Allen Interiors from $36.00 to $33.00 and set an outperform rating for the company in a report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $35.00.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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