Ethan Allen Interiors (NYSE:ETD) Issues Earnings Results

Ethan Allen Interiors (NYSE:ETD - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.18), Briefing.com reports. The firm had revenue of $146.42 million for the quarter, compared to analyst estimates of $168.15 million. Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. During the same period in the previous year, the firm posted $0.86 EPS. The company's revenue was down 21.4% compared to the same quarter last year.

Ethan Allen Interiors Stock Down 13.0 %

NYSE:ETD traded down $4.35 on Thursday, reaching $29.06. 941,644 shares of the company's stock were exchanged, compared to its average volume of 207,353. The firm has a market capitalization of $738.12 million, a price-to-earnings ratio of 9.26 and a beta of 1.22. The business has a fifty day moving average of $32.60 and a 200-day moving average of $30.33. Ethan Allen Interiors has a 52-week low of $24.76 and a 52-week high of $36.19.

Ethan Allen Interiors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Ethan Allen Interiors's previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 5.37%. Ethan Allen Interiors's dividend payout ratio is 46.15%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday.

About Ethan Allen Interiors

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 comprising fabric-covered items, such as 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.