Ethan Allen Interiors (NYSE:ETD) Issues Earnings Results

Key Points

• Ethan Allen Interiors reported quarterly EPS of $0.10, missing the $0.26 analyst consensus; revenue of $129.6 million also came in below expectations of $135.6 million.
• The company paid a special dividend of $3.00 per share; its reported dividend payout ratio was 100%.
• Analysts’ consensus rating was Hold, with a consensus price target of $22.00.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) released its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.16), FiscalAI reports. The company had revenue of $129.60 million during the quarter, compared to analysts' expectations of $135.60 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.

Ethan Allen Interiors Price Performance

NYSE:ETD traded up $0.16 during mid-day trading on Monday, reaching $20.23. The stock had a trading volume of 878,220 shares, compared to its average volume of 491,774. The business's 50 day moving average is $21.13 and its 200 day moving average is $21.99. Ethan Allen Interiors has a fifty-two week low of $18.28 and a fifty-two week high of $25.26. The stock has a market cap of $509.93 million, a P/E ratio of 12.97 and a beta of 1.09.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $3.00 dividend. The ex-dividend date was Thursday, September 3rd. Ethan Allen Interiors's dividend payout ratio is currently 100.00%.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Kathwari sold 1,063 shares of Ethan Allen Interiors stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $25.04, for a total value of $26,617.52. Following the completion of the sale, the chief executive officer directly owned 22,077 shares in the company, valued at $552,808.08. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

ETD has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Ethan Allen Interiors from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 29th. Telsey Advisory Group cut their price objective on Ethan Allen Interiors from $24.00 to $22.00 and set a "market perform" rating for the company in a report on Thursday, July 30th. Finally, Zacks Research raised Ethan Allen Interiors from a "strong sell" rating to a "hold" rating in a research report on Monday, October 19th. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.00.

About Ethan Allen Interiors

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related products. Its offerings include living room, dining room and bedroom furniture, upholstery, case goods, home accents, mattresses and other furnishings for residential interiors.

The company sells its products through a network of Ethan Allen Design Centers, interior designers and independent retailers, as well as through its website and other digital channels.

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