ETD FY2027 EPS Estimate Reduced by Telsey Advisory Group

Key Points

• Telsey Advisory Group has lowered its FY2027 earnings per share estimate for Ethan Allen Interiors from $2.43 to $2.40, maintaining a "Market Perform" rating with a price target of $30.00.
• The company's recent quarterly earnings reported $0.38 per share, falling short of the consensus estimate of $0.45, with revenue of $142.70 million compared to an expected $146.85 million.
• Ethan Allen declared a quarterly dividend of $0.39 per share, resulting in an annualized yield of 5.23%, with a payout ratio of 69.33%.

Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) - Stock analysts at Telsey Advisory Group cut their FY2027 earnings per share estimates for Ethan Allen Interiors in a report released on Friday, July 25th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings of $2.40 per share for the year, down from their prior estimate of $2.43. Telsey Advisory Group currently has a "Market Perform" rating and a $30.00 target price on the stock. The consensus estimate for Ethan Allen Interiors' current full-year earnings is $2.32 per share.

Ethan Allen Interiors Price Performance

ETD traded up $1.05 during trading on Monday, hitting $30.24. The company had a trading volume of 90,505 shares, compared to its average volume of 288,562. The company has a market cap of $768.88 million, a PE ratio of 13.54 and a beta of 1.16. Ethan Allen Interiors has a 1-year low of $24.55 and a 1-year high of $35.62. The business has a 50-day moving average of $28.02 and a 200-day moving average of $27.98.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Ethan Allen Interiors had a net margin of 9.29% and a return on equity of 12.08%. The firm had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The firm's revenue was down 4.9% on a year-over-year basis.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds have recently bought and sold shares of ETD. IFP Advisors Inc lifted its stake in Ethan Allen Interiors by 12,857.1% in the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after purchasing an additional 900 shares during the last quarter. State of Wyoming bought a new stake in shares of Ethan Allen Interiors during the 4th quarter worth approximately $52,000. Quarry LP raised its holdings in shares of Ethan Allen Interiors by 73.3% during the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock worth $73,000 after buying an additional 1,101 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after purchasing an additional 2,634 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors during the fourth quarter worth $112,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,611,905 shares in the company, valued at $43,279,649.25. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 11,366 shares of company stock valued at $305,390. Insiders own 10.48% of the company's stock.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.16%. Ethan Allen Interiors's dividend payout ratio is 69.33%.

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.