Ethan Allen Interiors Inc. (NYSE:ETH) Forecasted to Earn FY2017 Earnings of $1.45 Per Share
Ethan Allen Interiors Inc. (NYSE:ETH) – Research analysts at KeyCorp decreased their FY2017 EPS estimates for Ethan Allen Interiors in a research note issued on Monday. KeyCorp analyst B. Thomas now anticipates that the company will post earnings per share of $1.45 for the year, down from their previous estimate of $1.56. KeyCorp also issued estimates for Ethan Allen Interiors’ Q4 2017 earnings at $0.42 EPS and FY2018 earnings at $1.70 EPS.
Several other research analysts have also recently weighed in on ETH. Telsey Advisory Group reduced their price target on shares of Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, April 27th. Stifel Nicolaus reduced their price target on shares of Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating for the company in a report on Friday, April 28th. TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Thursday, April 27th. Finally, BidaskClub cut shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.
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Shares of Ethan Allen Interiors (ETH) traded down 1.43% during midday trading on Wednesday, hitting $31.00. 113,125 shares of the company’s stock were exchanged. Ethan Allen Interiors has a 52 week low of $26.75 and a 52 week high of $38.80. The company has a 50-day moving average of $29.94 and a 200-day moving average of $29.98. The firm has a market cap of $858.58 million, a price-to-earnings ratio of 20.92 and a beta of 1.17.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, April 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $180.20 million for the quarter, compared to analyst estimates of $184.18 million. Ethan Allen Interiors had a net margin of 5.33% and a return on equity of 11.31%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, July 7th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 51.70%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its position in shares of Ethan Allen Interiors by 5.6% in the fourth quarter. Comerica Bank now owns 27,159 shares of the company’s stock valued at $861,000 after buying an additional 1,447 shares during the last quarter. State Street Corp boosted its position in shares of Ethan Allen Interiors by 6.0% in the fourth quarter. State Street Corp now owns 564,037 shares of the company’s stock valued at $20,785,000 after buying an additional 32,002 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Ethan Allen Interiors during the fourth quarter valued at approximately $836,000. Thrivent Financial for Lutherans boosted its position in shares of Ethan Allen Interiors by 6.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,840 shares of the company’s stock valued at $510,000 after buying an additional 880 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Ethan Allen Interiors during the fourth quarter valued at approximately $13,915,000. Institutional investors own 99.34% of the company’s stock.
Ethan Allen Interiors Company Profile
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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