Analysts Anticipate Ethan Allen Interiors Inc. (ETH) Will Post Quarterly Sales of $201.79 Million
Equities research analysts expect that Ethan Allen Interiors Inc. (NYSE:ETH) will report sales of $201.79 million for the current quarter, Zacks reports. Three analysts have made estimates for Ethan Allen Interiors’ earnings. The highest sales estimate is $204.40 million and the lowest is $200.20 million. Ethan Allen Interiors posted sales of $198.48 million in the same quarter last year, which suggests a positive year over year growth rate of 1.7%. The firm is expected to report its next earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that Ethan Allen Interiors will report full year sales of $783.39 million for the current fiscal year, with estimates ranging from $780.00 million to $788.80 million. For the next fiscal year, analysts forecast that the business will post sales of $804.78 million, with estimates ranging from $800.00 million to $813.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $187.79 million for the quarter, compared to analysts’ expectations of $186.90 million. Ethan Allen Interiors had a net margin of 4.89% and a return on equity of 9.66%.
Shares of ETH stock traded up $0.30 on Thursday, reaching $19.58. 432,357 shares of the company were exchanged, compared to its average volume of 287,227. The stock has a market capitalization of $519.96 million, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92. Ethan Allen Interiors has a one year low of $18.53 and a one year high of $30.10.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Thursday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.88%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 56.30%.
In other Ethan Allen Interiors news, Director James B. Carlson bought 2,000 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were bought at an average price of $19.38 per share, for a total transaction of $38,760.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman M Farooq Kathwari sold 37,882 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $21.51, for a total transaction of $814,841.82. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ETH. Legal & General Group Plc raised its stake in shares of Ethan Allen Interiors by 13.7% in the 1st quarter. Legal & General Group Plc now owns 52,054 shares of the company’s stock worth $1,199,000 after buying an additional 6,253 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Ethan Allen Interiors by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 193,752 shares of the company’s stock worth $4,447,000 after buying an additional 4,632 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Ethan Allen Interiors during the second quarter worth $391,000. Nisa Investment Advisors LLC raised its position in shares of Ethan Allen Interiors by 105.4% during the second quarter. Nisa Investment Advisors LLC now owns 31,770 shares of the company’s stock worth $778,000 after purchasing an additional 16,300 shares during the period. Finally, Unison Advisors LLC acquired a new stake in shares of Ethan Allen Interiors during the second quarter worth $300,000. Institutional investors own 95.36% of the company’s stock.
Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through 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 items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other 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.
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