FY2019 EPS Estimates for Ethan Allen Interiors Inc. (ETH) Lifted by Analyst

Ethan Allen Interiors Inc. (NYSE:ETH) – Research analysts at Dougherty & Co boosted their FY2019 earnings estimates for Ethan Allen Interiors in a research report issued to clients and investors on Monday, October 15th. Dougherty & Co analyst J. Hamblin now anticipates that the company will earn $1.57 per share for the year, up from their previous estimate of $1.55.

Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Wednesday, July 25th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. Ethan Allen Interiors had a return on equity of 9.33% and a net margin of 4.74%. The company had revenue of $205.60 million during the quarter, compared to analyst estimates of $200.01 million. During the same period last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year.

A number of other brokerages have also commented on ETH. Zacks Investment Research upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine lowered Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Finally, Raymond James reiterated a “buy” rating and issued a $27.00 price objective on shares of Ethan Allen Interiors in a research report on Sunday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.75.

Shares of NYSE:ETH opened at $20.40 on Wednesday. Ethan Allen Interiors has a twelve month low of $18.94 and a twelve month high of $31.70. The firm has a market capitalization of $550.48 million, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87.

A number of hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its position in shares of Ethan Allen Interiors by 18.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 277,803 shares of the company’s stock worth $6,376,000 after buying an additional 44,048 shares during the period. Northern Trust Corp grew its position in shares of Ethan Allen Interiors by 0.7% during the 1st quarter. Northern Trust Corp now owns 1,075,204 shares of the company’s stock worth $24,677,000 after buying an additional 7,345 shares during the period. California Public Employees Retirement System grew its position in shares of Ethan Allen Interiors by 5.8% during the 1st quarter. California Public Employees Retirement System now owns 82,817 shares of the company’s stock worth $1,901,000 after buying an additional 4,525 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ethan Allen Interiors by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,203,827 shares of the company’s stock worth $50,578,000 after buying an additional 149,223 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Ethan Allen Interiors by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 193,752 shares of the company’s stock worth $4,447,000 after buying an additional 4,632 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.

In related news, Chairman M Farooq Kathwari sold 37,882 shares of Ethan Allen Interiors stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $21.51, for a total value of $814,841.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.50% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Wednesday, October 10th will be given a $0.19 dividend. The ex-dividend date is Tuesday, October 9th. This represents a $0.76 dividend on an annualized basis and a yield of 3.73%. Ethan Allen Interiors’s payout ratio is 56.30%.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. 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 and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other 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.

Further Reading: Tariff

Earnings History and Estimates for Ethan Allen Interiors (NYSE:ETH)

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