Brokerages Expect Ethan Allen Interiors Inc. (NYSE:ETH) Will Announce Quarterly Sales of $198.60 Million

Brokerages expect Ethan Allen Interiors Inc. (NYSE:ETH) to post sales of $198.60 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Ethan Allen Interiors’ earnings, with the highest sales estimate coming in at $199.40 million and the lowest estimate coming in at $197.10 million. Ethan Allen Interiors reported sales of $205.58 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The firm is expected to report its next earnings report on Wednesday, July 24th.

On average, analysts expect that Ethan Allen Interiors will report full year sales of $761.38 million for the current financial year, with estimates ranging from $759.87 million to $762.20 million. For the next financial year, analysts forecast that the company will post sales of $764.30 million, with estimates ranging from $756.70 million to $770.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Ethan Allen Interiors.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Monday, April 29th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.17 by $0.14. The firm had revenue of $177.80 million during the quarter, compared to analysts’ expectations of $181.02 million. Ethan Allen Interiors had a return on equity of 10.84% and a net margin of 5.27%. Ethan Allen Interiors’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share.

Several research analysts have issued reports on the company. Zacks Investment Research lowered Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. ValuEngine lowered Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 price objective (up from $20.00) on shares of Ethan Allen Interiors in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.48.

A number of institutional investors have recently added to or reduced their stakes in ETH. Comerica Bank increased its stake in shares of Ethan Allen Interiors by 2.5% in the first quarter. Comerica Bank now owns 24,475 shares of the company’s stock valued at $486,000 after buying an additional 598 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Ethan Allen Interiors by 3.8% in the first quarter. Texas Permanent School Fund now owns 16,784 shares of the company’s stock valued at $321,000 after buying an additional 615 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Ethan Allen Interiors by 1.5% in the first quarter. Victory Capital Management Inc. now owns 60,159 shares of the company’s stock valued at $1,151,000 after buying an additional 886 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Ethan Allen Interiors by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 87,392 shares of the company’s stock valued at $1,537,000 after buying an additional 1,022 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Ethan Allen Interiors by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 200,604 shares of the company’s stock valued at $3,529,000 after buying an additional 1,394 shares in the last quarter. Hedge funds and other institutional investors own 89.37% of the company’s stock.

ETH stock traded up $0.25 during midday trading on Wednesday, hitting $20.73. The stock had a trading volume of 271,939 shares, compared to its average volume of 283,642. The company has a quick ratio of 0.47, a current ratio of 1.77 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $21.03. Ethan Allen Interiors has a 52 week low of $16.90 and a 52 week high of $25.30. The firm has a market capitalization of $557.11 million, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $0.76 annualized dividend and a yield of 3.67%. Ethan Allen Interiors’s dividend payout ratio is currently 56.30%.

About Ethan Allen Interiors

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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