Ethan Allen Interiors Inc. (NYSE:ETD) Raises Dividend to $0.32 Per Share

Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) announced a quarterly dividend on Wednesday, April 27th, Wall Street Journal reports. Investors of record on Tuesday, May 10th will be paid a dividend of 0.32 per share on Wednesday, May 25th. This represents a $1.28 annualized dividend and a yield of 4.80%. The ex-dividend date is Monday, May 9th. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.29.

Shares of NYSE ETD opened at $26.66 on Thursday. The firm has a market cap of $674.52 million, a PE ratio of 8.44 and a beta of 1.11. The firm has a fifty day moving average of $25.88 and a 200 day moving average of $25.23. Ethan Allen Interiors has a one year low of $22.02 and a one year high of $32.15.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its earnings results on Thursday, January 27th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.19. Ethan Allen Interiors had a net margin of 10.84% and a return on equity of 22.07%. The business had revenue of $208.09 million during the quarter, compared to analyst estimates of $187.25 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, research analysts predict that Ethan Allen Interiors will post 3.28 EPS for the current fiscal year.

A number of research firms have recently issued reports on ETD. Zacks Investment Research lowered shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. StockNews.com assumed coverage on shares of Ethan Allen Interiors in a research report on Thursday, March 31st. They issued a “buy” rating on the stock.

Ethan Allen Interiors Company Profile (Get Rating)

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 items comprising 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.

Recommended Stories