Equities analysts expect that Ethan Allen (NYSE:ETH) will post $0.43 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Ethan Allen’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.41. Ethan Allen reported earnings per share of $0.42 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is expected to issue its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Ethan Allen will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.38. For the next year, analysts anticipate that the company will report earnings of $1.67 per share, with EPS estimates ranging from $1.57 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ethan Allen.
Ethan Allen (NYSE:ETH) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Ethan Allen had a return on equity of 9.23% and a net margin of 4.84%. The company had revenue of $181.40 million for the quarter, compared to analyst estimates of $181.40 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue was up .7% on a year-over-year basis.
Several equities research analysts have commented on ETH shares. Zacks Investment Research downgraded Ethan Allen from a “buy” rating to a “hold” rating in a report on Friday, January 26th. ValuEngine downgraded Ethan Allen from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Telsey Advisory Group dropped their target price on Ethan Allen from $27.00 to $26.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price on shares of Ethan Allen in a report on Tuesday, April 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.50.
Ethan Allen opened at $24.75 on Thursday, according to Marketbeat.com. Ethan Allen has a twelve month low of $21.50 and a twelve month high of $33.13. The company has a market cap of $672.95 million, a P/E ratio of 18.47, a PEG ratio of 1.54 and a beta of 1.10.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 10th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, July 9th. Ethan Allen’s dividend payout ratio (DPR) is 52.41%.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Ethan Allen by 7.3% in the fourth quarter. BlackRock Inc. now owns 3,696,274 shares of the company’s stock worth $105,713,000 after acquiring an additional 252,480 shares in the last quarter. Royce & Associates LP boosted its holdings in Ethan Allen by 0.6% in the fourth quarter. Royce & Associates LP now owns 2,212,862 shares of the company’s stock worth $63,288,000 after acquiring an additional 13,737 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ethan Allen by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,203,827 shares of the company’s stock valued at $50,578,000 after purchasing an additional 149,223 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Ethan Allen by 2.6% during the first quarter. LSV Asset Management now owns 1,214,052 shares of the company’s stock valued at $27,862,000 after purchasing an additional 31,300 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Ethan Allen by 0.7% during the first quarter. Northern Trust Corp now owns 1,075,204 shares of the company’s stock valued at $24,677,000 after purchasing an additional 7,345 shares in the last quarter.
About Ethan Allen
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Europe, Asia, and the Middle East. 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, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items, including 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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