Ethan Allen Interiors Inc. (NYSE:ETD) Announces $0.39 Quarterly Dividend

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Wednesday, May 13th will be paid a dividend of 0.39 per share on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Wednesday, May 13th.

Ethan Allen Interiors has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Ethan Allen Interiors has a payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ethan Allen Interiors to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 90.7%.

Ethan Allen Interiors Stock Performance

ETD stock traded down $0.85 during midday trading on Thursday, hitting $21.36. 156,617 shares of the stock were exchanged, compared to its average volume of 372,952. The stock’s 50-day moving average price is $22.41 and its 200-day moving average price is $23.61. The stock has a market cap of $543.53 million, a price-to-earnings ratio of 12.42 and a beta of 1.16. Ethan Allen Interiors has a fifty-two week low of $21.16 and a fifty-two week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $135.84 million during the quarter, compared to analysts’ expectations of $134.85 million. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.Ethan Allen Interiors’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Research analysts anticipate that Ethan Allen Interiors will post 1.54 EPS for the current year.

Analysts Set New Price Targets

ETD has been the subject of several research reports. Telsey Advisory Group reduced their price objective on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.00.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.