Ethan Allen Interiors Inc. (ETD) to Issue Quarterly Dividend of $0.39 on February 25th

Ethan Allen Interiors Inc. (NYSE:ETD) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, February 11th will be paid a dividend of 0.39 per share on Wednesday, February 25th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Wednesday, February 11th.

Ethan Allen Interiors has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Ethan Allen Interiors has a dividend payout ratio of 73.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ethan Allen Interiors to earn $2.58 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 60.5%.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock traded down $1.43 during midday trading on Thursday, hitting $22.73. 638,431 shares of the company were exchanged, compared to its average volume of 343,091. The firm has a market capitalization of $578.35 million, a PE ratio of 12.28 and a beta of 1.16. Ethan Allen Interiors has a fifty-two week low of $21.67 and a fifty-two week high of $32.61. The business has a fifty day simple moving average of $23.84 and a two-hundred day simple moving average of $26.60.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. The firm had revenue of $149.92 million during the quarter, compared to analysts’ expectations of $152.25 million. Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. As a group, equities analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ETD. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $27.00.

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.