Ethan Allen Interiors Inc. (NYSE:ETH) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders of record on Wednesday, July 10th will be given a dividend of 0.19 per share on Thursday, July 25th. This represents a $0.76 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, July 9th.
Ethan Allen Interiors has raised its dividend payment by an average of 13.5% annually over the last three years. Ethan Allen Interiors has a payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $0.76 annual dividend with an expected future payout ratio of 44.2%.
NYSE ETH opened at $20.96 on Monday. Ethan Allen Interiors has a 52 week low of $16.90 and a 52 week high of $25.55. The stock has a market capitalization of $557.11 million, a P/E ratio of 15.53, a PEG ratio of 0.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.77. The firm’s 50-day simple moving average is $21.17.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.14. Ethan Allen Interiors had a net margin of 5.27% and a return on equity of 10.84%. The firm had revenue of $177.80 million for the quarter, compared to the consensus estimate of $181.02 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities research analysts expect that Ethan Allen Interiors will post 1.6 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on ETH shares. Zacks Investment Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price objective (up from $20.00) on shares of Ethan Allen Interiors in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.48.
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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