Ethan Allen Interiors Inc. (ETH) Expected to Announce Quarterly Sales of $198.27 Million
Wall Street brokerages expect Ethan Allen Interiors Inc. (NYSE:ETH) to announce sales of $198.27 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ethan Allen Interiors’ earnings, with the highest sales estimate coming in at $203.86 million and the lowest estimate coming in at $194.90 million. Ethan Allen Interiors reported sales of $205.69 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The firm is expected to issue its next earnings report after the market closes on Wednesday, July 26th.
On average, analysts expect that Ethan Allen Interiors will report full year sales of $198.27 million for the current financial year, with estimates ranging from $763.39 million to $772.32 million. For the next financial year, analysts anticipate that the firm will report sales of $801.02 million per share, with estimates ranging from $786.30 million to $831.15 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, April 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The firm had revenue of $180.20 million during the quarter, compared to the consensus estimate of $184.18 million. Ethan Allen Interiors had a return on equity of 11.31% and a net margin of 5.33%. Ethan Allen Interiors’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS.
A number of brokerages recently issued reports on ETH. TheStreet lowered shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Thursday, April 27th. BidaskClub lowered shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Telsey Advisory Group dropped their price objective 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. Finally, Stifel Nicolaus dropped their price objective 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. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.00.
Ethan Allen Interiors (NYSE:ETH) traded down 0.79% during midday trading on Wednesday, hitting $31.20. 277,910 shares of the stock traded hands. The firm has a market cap of $864.12 million, a PE ratio of 21.05 and a beta of 1.17. The stock has a 50-day moving average of $29.94 and a 200 day moving average of $29.98. Ethan Allen Interiors has a 52-week low of $26.75 and a 52-week high of $38.80.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, July 7th. This represents a $0.76 annualized dividend and a dividend yield of 2.44%. Ethan Allen Interiors’s dividend payout ratio is presently 51.70%.
Several hedge funds have recently modified their holdings of ETH. BlackRock Inc. boosted its stake in shares of Ethan Allen Interiors by 122,313.2% in the first quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock valued at $105,279,000 after buying an additional 3,432,107 shares in the last quarter. Norges Bank acquired a new stake in shares of Ethan Allen Interiors during the fourth quarter valued at about $13,915,000. Alliancebernstein L.P. boosted its stake in shares of Ethan Allen Interiors by 63.1% in the first quarter. Alliancebernstein L.P. now owns 843,097 shares of the company’s stock valued at $25,841,000 after buying an additional 326,150 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Ethan Allen Interiors by 46.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 855,725 shares of the company’s stock valued at $27,640,000 after buying an additional 271,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ethan Allen Interiors by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,643,631 shares of the company’s stock valued at $50,377,000 after buying an additional 119,706 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
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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