Ethan Allen Interiors (NYSE:ETD) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Ethan Allen Interiors (NYSE:ETD) issued its quarterly earnings data on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16), FiscalAI reports. The business had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $135.60 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%.

Ethan Allen Interiors Stock Up 0.8%

Shares of Ethan Allen Interiors stock traded up $0.16 during trading on Monday, reaching $20.23. The company’s stock had a trading volume of 879,585 shares, compared to its average volume of 492,050. The company has a market cap of $509.93 million, a price-to-earnings ratio of 12.97 and a beta of 1.09. Ethan Allen Interiors has a 1-year low of $18.28 and a 1-year high of $25.26. The company has a 50-day simple moving average of $21.13 and a two-hundred day simple moving average of $21.99.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $3.00 per share. The ex-dividend date was Thursday, September 3rd. Ethan Allen Interiors’s dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Telsey Advisory Group decreased their price objective on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.00.

Insiders Place Their Bets

In related news, CEO M Kathwari sold 22,811 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total transaction of $571,187.44. Following the transaction, the chief executive officer directly owned 1,465,530 shares of the company’s stock, valued at $36,696,871.20. This represents a 1.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.92% of the stock is currently owned by company insiders.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related products. Its offerings include living room, dining room and bedroom furniture, upholstery, case goods, home accents, mattresses and other furnishings for residential interiors.

The company sells its products through a network of Ethan Allen Design Centers, interior designers and independent retailers, as well as through its website and other digital channels.