News

Aug 04, 2023

Ethan Allen Interiors Inc. (NYSE:ETD) Expected to Post Q1 2024 Earnings of $0.77 Per Share

Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) - Investment analysts at KeyCorp issued their Q1 2024 EPS estimates for shares of Ethan Allen Interiors in a research note issued on Wednesday,

Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) - Investment analysts at KeyCorp issued their Q1 2024 EPS estimates for shares of Ethan Allen Interiors in a research note issued on Wednesday, August 2nd. KeyCorp analyst B. Thomas expects that the company will earn $0.77 per share for the quarter. The consensus estimate for Ethan Allen Interiors' current full-year earnings is $3.04 per share. KeyCorp also issued estimates for Ethan Allen Interiors' Q3 2024 earnings at $0.71 EPS, Q4 2024 earnings at $0.85 EPS, FY2024 earnings at $3.20 EPS and FY2025 earnings at $3.40 EPS.

Other equities analysts have also issued reports about the stock. Telsey Advisory Group upped their price objective on shares of Ethan Allen Interiors from $28.00 to $33.00 and gave the stock a "market perform" rating in a report on Thursday. StockNews.com upgraded shares of Ethan Allen Interiors from a "hold" rating to a "buy" rating in a report on Friday, June 23rd.

View Our Latest Stock Analysis on Ethan Allen Interiors

Shares of ETD stock traded up $0.37 during trading hours on Friday, hitting $36.00. The company had a trading volume of 74,278 shares, compared to its average volume of 235,084. The company's fifty day moving average is $28.74 and its 200 day moving average is $28.16. Ethan Allen Interiors has a fifty-two week low of $21.10 and a fifty-two week high of $36.20. The stock has a market capitalization of $912.96 million, a PE ratio of 8.63 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.83 by $0.13. Ethan Allen Interiors had a net margin of 13.37% and a return on equity of 23.71%. The firm had revenue of $187.38 million for the quarter, compared to analyst estimates of $189.85 million. During the same period in the prior year, the business posted $1.25 EPS. The business's revenue for the quarter was down 18.4% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Ethan Allen Interiors by 0.5% in the 3rd quarter. BlackRock Inc. now owns 4,425,526 shares of the company's stock valued at $93,555,000 after purchasing an additional 23,341 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ethan Allen Interiors by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,047,373 shares of the company's stock valued at $56,220,000 after purchasing an additional 82,738 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at $44,187,000. State Street Corp raised its holdings in shares of Ethan Allen Interiors by 1.1% in the 2nd quarter. State Street Corp now owns 960,963 shares of the company's stock valued at $19,421,000 after purchasing an additional 10,565 shares in the last quarter. Finally, UBS Group AG acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at $23,880,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, August 14th. This represents a $1.44 dividend on an annualized basis and a yield of 4.00%. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 34.87%.

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 items comprising 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.

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