Ethan Allen Interiors (NYSE:ETD) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Ethan Allen Interiors (NYSE:ETD) announced its earnings results on Wednesday. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02, FiscalAI reports. The firm had revenue of $146.75 million during the quarter, compared to analysts’ expectations of $148.70 million. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD traded down $0.17 during trading hours on Wednesday, hitting $23.63. 383,723 shares of the company’s stock traded hands, compared to its average volume of 464,934. The firm has a market capitalization of $601.38 million, a P/E ratio of 14.96 and a beta of 1.01. The business has a fifty day moving average price of $21.59 and a 200-day moving average price of $22.24. Ethan Allen Interiors has a 1 year low of $18.28 and a 1 year high of $31.41.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETD shares. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ethan Allen Interiors currently has an average rating of “Reduce” and a consensus target price of $24.00.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of institutional investors and hedge funds have recently modified their holdings of ETD. Inspire Investing LLC increased its stake in Ethan Allen Interiors by 33.0% in the fourth quarter. Inspire Investing LLC now owns 20,584 shares of the company’s stock worth $470,000 after purchasing an additional 5,110 shares during the period. Creative Planning purchased a new stake in shares of Ethan Allen Interiors during the third quarter valued at $399,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ethan Allen Interiors by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after purchasing an additional 538 shares during the period. Twinbeech Capital LP grew its holdings in shares of Ethan Allen Interiors by 71.2% in the fourth quarter. Twinbeech Capital LP now owns 15,700 shares of the company’s stock worth $359,000 after purchasing an additional 6,532 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Ethan Allen Interiors in the second quarter worth about $343,000. 83.80% of the stock is owned by institutional investors.

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.