Ethan Allen Interiors (NYSE:ETD) Posts Earnings Results

Ethan Allen Interiors (NYSE:ETD) released its earnings results on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.18), Briefing.com reports. The business had revenue of $146.42 million for the quarter, compared to analysts’ expectations of $168.15 million. Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.99%. Ethan Allen Interiors’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 earnings per share.

Ethan Allen Interiors Trading Up 0.3 %

ETD traded up $0.09 during trading on Friday, hitting $29.15. 99,792 shares of the company’s stock traded hands, compared to its average volume of 205,902. The stock has a market capitalization of $740.41 million, a price-to-earnings ratio of 10.57 and a beta of 1.22. Ethan Allen Interiors has a 12-month low of $24.76 and a 12-month high of $36.19. The company’s 50 day simple moving average is $32.55 and its two-hundred day simple moving average is $30.32.

Ethan Allen Interiors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be given a $0.39 dividend. The ex-dividend date is Monday, May 6th. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 5.35%. Ethan Allen Interiors’s dividend payout ratio is 52.36%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research report on Thursday.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. 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 comprising fabric-covered items, such as 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.