Ethan Allen Interiors (NYSE:ETH) Updates Q2 Earnings Guidance

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Ethan Allen Interiors (NYSE:ETH) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.67-0.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46. Ethan Allen Interiors also updated its Q2 2021
After-Hours guidance to 0.67-0.69 EPS.

ETH stock traded down $0.40 during trading on Wednesday, hitting $21.93. The stock had a trading volume of 211,690 shares, compared to its average volume of 278,918. The company’s 50 day moving average price is $19.72 and its two-hundred day moving average price is $15.72. Ethan Allen Interiors has a 1-year low of $8.38 and a 1-year high of $22.57. The stock has a market cap of $549.41 million, a price-to-earnings ratio of 146.20 and a beta of 1.21.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Ethan Allen Interiors had a net margin of 0.73% and a return on equity of 3.88%. The company had revenue of $151.06 million during the quarter, compared to the consensus estimate of $151.10 million. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. As a group, analysts predict that Ethan Allen Interiors will post 1.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 21st. Stockholders of record on Thursday, January 7th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.21. Ethan Allen Interiors’s dividend payout ratio is currently 192.31%.

ETH has been the subject of a number of research analyst reports. Telsey Advisory Group upped their price objective on shares of Ethan Allen Interiors from $16.00 to $19.00 and gave the company a market perform rating in a research note on Tuesday, October 13th. Zacks Investment Research cut Ethan Allen Interiors from a buy rating to a hold rating in a report on Wednesday, December 30th. TheStreet upgraded Ethan Allen Interiors from a c- rating to a b- rating in a report on Monday, November 2nd. Finally, BidaskClub upgraded Ethan Allen Interiors from a buy rating to a strong-buy rating in a report on Wednesday, December 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Ethan Allen Interiors has a consensus rating of Hold and a consensus target price of $17.67.

In other Ethan Allen Interiors news, SVP Daniel M. Grow sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $20.02, for a total value of $30,030.00. Following the completion of the transaction, the senior vice president now owns 4,214 shares in the company, valued at approximately $84,364.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is owned by corporate insiders.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States and internationally. The company operates in 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 accent 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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