Ethan Allen Interiors (NYSE:ETD) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Ethan Allen Interiors (NYSE:ETD) released its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16), FiscalAI reports. The company had revenue of $129.60 million for the quarter, compared to the consensus estimate of $135.60 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.

Ethan Allen Interiors Trading Up 0.8%

Ethan Allen Interiors stock traded up $0.16 on Monday, reaching $20.23. 878,220 shares of the stock were exchanged, compared to its average volume of 491,774. The stock has a market cap of $509.93 million, a PE ratio of 12.97 and a beta of 1.09. Ethan Allen Interiors has a twelve month low of $18.28 and a twelve month high of $25.26. The firm has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $21.99.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Thursday, September 3rd. Ethan Allen Interiors’s payout ratio is currently 100.00%.

Insider Transactions at Ethan Allen Interiors

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

Analyst Ratings Changes

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

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related products. Its offerings include living room, dining room and bedroom furniture, upholstery, case goods, home accents, mattresses and other furnishings for residential interiors.

The company sells its products through a network of Ethan Allen Design Centers, interior designers and independent retailers, as well as through its website and other digital channels.