Wall Street analysts predict that Ethan Allen Interiors Inc. (NYSE:ETH) will post sales of $198.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Ethan Allen Interiors’ earnings, with the highest sales estimate coming in at $199.40 million and the lowest estimate coming in at $197.10 million. Ethan Allen Interiors posted sales of $205.58 million during the same quarter last year, which suggests a negative year over year growth rate of 3.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Ethan Allen Interiors will report full year sales of $761.38 million for the current year, with estimates ranging from $759.87 million to $762.20 million. For the next year, analysts expect that the firm will post sales of $764.30 million, with estimates ranging from $756.70 million to $770.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ethan Allen Interiors.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.14. Ethan Allen Interiors had a net margin of 5.27% and a return on equity of 10.84%. The firm had revenue of $177.80 million for the quarter, compared to analyst estimates of $181.02 million. During the same period last year, the business earned $0.11 EPS. Ethan Allen Interiors’s revenue for the quarter was down 2.0% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Ethan Allen Interiors during the fourth quarter worth about $8,759,000. Maverick Capital Ltd. acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $4,506,000. BlackRock Inc. increased its stake in shares of Ethan Allen Interiors by 6.0% during the fourth quarter. BlackRock Inc. now owns 3,963,247 shares of the company’s stock worth $69,714,000 after acquiring an additional 223,282 shares during the period. Two Sigma Investments LP increased its stake in shares of Ethan Allen Interiors by 233.7% during the fourth quarter. Two Sigma Investments LP now owns 253,703 shares of the company’s stock worth $4,463,000 after acquiring an additional 177,670 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Ethan Allen Interiors by 220.5% during the fourth quarter. Millennium Management LLC now owns 212,182 shares of the company’s stock worth $3,732,000 after acquiring an additional 145,988 shares during the period. Institutional investors own 89.66% of the company’s stock.
NYSE ETH traded down $0.04 during trading on Monday, reaching $20.98. The company’s stock had a trading volume of 129,388 shares, compared to its average volume of 234,132. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.47 and a current ratio of 1.77. The firm has a market cap of $557.65 million, a PE ratio of 15.54, a P/E/G ratio of 0.88 and a beta of 1.06. Ethan Allen Interiors has a twelve month low of $16.90 and a twelve month high of $25.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Wednesday, July 10th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. Ethan Allen Interiors’s dividend payout ratio is presently 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: How Do Investors Open a Backdoor Roth IRA?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ethan Allen Interiors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ethan Allen Interiors and related companies with MarketBeat.com's FREE daily email newsletter.