Zacks: Analysts Expect Ethan Allen Interiors Inc. (ETH) Will Announce Quarterly Sales of $189.02 Million

Brokerages forecast that Ethan Allen Interiors Inc. (NYSE:ETH) will announce sales of $189.02 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ethan Allen Interiors’ earnings. The highest sales estimate is $190.40 million and the lowest is $187.70 million. Ethan Allen Interiors posted sales of $180.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Ethan Allen Interiors will report full-year sales of $189.02 million for the current financial year, with estimates ranging from $766.30 million to $776.68 million. For the next year, analysts expect that the firm will report sales of $794.26 million per share, with estimates ranging from $780.64 million to $809.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ethan Allen Interiors.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The firm had revenue of $198.50 million for the quarter, compared to analysts’ expectations of $198.50 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year.

ETH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Stifel Nicolaus lifted their price objective on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 price objective (down from $33.00) on shares of Ethan Allen Interiors in a research report on Wednesday, January 17th. Dougherty & Co upgraded shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, October 13th. Finally, TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Ethan Allen Interiors currently has a consensus rating of “Hold” and an average target price of $30.80.

In related news, CFO Corey Whitely bought 1,700 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $24.65 per share, with a total value of $41,905.00. Following the purchase, the chief financial officer now directly owns 12,574 shares of the company’s stock, valued at approximately $309,949.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman M Farooq Kathwari bought 4,090 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $24.37 per share, with a total value of $99,673.30. The disclosure for this purchase can be found here. Company insiders own 10.50% of the company’s stock.

Large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in shares of Ethan Allen Interiors by 105.4% during the 3rd quarter. Jane Street Group LLC now owns 13,436 shares of the company’s stock valued at $435,000 after buying an additional 263,436 shares during the period. State Street Corp boosted its stake in shares of Ethan Allen Interiors by 3.5% during the 2nd quarter. State Street Corp now owns 623,524 shares of the company’s stock valued at $20,136,000 after buying an additional 21,202 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Ethan Allen Interiors by 41.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,100 shares of the company’s stock valued at $392,000 after buying an additional 3,550 shares during the period. Rhumbline Advisers boosted its stake in shares of Ethan Allen Interiors by 28.5% during the 3rd quarter. Rhumbline Advisers now owns 70,926 shares of the company’s stock valued at $2,298,000 after buying an additional 15,730 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Ethan Allen Interiors by 447.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 183,258 shares of the company’s stock valued at $5,947,000 after purchasing an additional 149,808 shares during the last quarter. 96.75% of the stock is owned by institutional investors.

Ethan Allen Interiors (NYSE:ETH) traded up $0.70 during midday trading on Tuesday, reaching $25.00. 456,782 shares of the company’s stock traded hands, compared to its average volume of 400,453. Ethan Allen Interiors has a 12-month low of $23.50 and a 12-month high of $33.13. The stock has a market cap of $667.54, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 58.46%.

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About Ethan Allen Interiors

Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.

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