Ethan Allen Interiors Inc. (NYSE:ETD) Expected to Announce Quarterly Sales of $199.30 Million

Brokerages predict that Ethan Allen Interiors Inc. (NYSE:ETDGet Rating) will post $199.30 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Ethan Allen Interiors’ earnings, with the highest sales estimate coming in at $199.70 million and the lowest estimate coming in at $198.90 million. Ethan Allen Interiors reported sales of $178.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Ethan Allen Interiors will report full-year sales of $787.35 million for the current year, with estimates ranging from $786.90 million to $787.80 million. For the next fiscal year, analysts expect that the business will post sales of $779.40 million, with estimates ranging from $771.00 million to $787.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Ethan Allen Interiors.

Ethan Allen Interiors (NYSE:ETDGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.17. Ethan Allen Interiors had a return on equity of 24.15% and a net margin of 11.73%. The business had revenue of $197.66 million for the quarter, compared to the consensus estimate of $197.10 million. During the same period last year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year.

ETD has been the topic of several recent research reports. Zacks Investment Research lowered shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. StockNews.com upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, May 17th.

ETD stock opened at $23.59 on Friday. The business’s 50-day simple moving average is $25.05 and its 200 day simple moving average is $25.19. The company has a market cap of $597.35 million, a PE ratio of 6.70 and a beta of 1.10. Ethan Allen Interiors has a twelve month low of $20.86 and a twelve month high of $31.11.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 10th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, May 9th. This represents a $1.28 dividend on an annualized basis and a yield of 5.43%. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.29. Ethan Allen Interiors’s payout ratio is currently 36.36%.

A number of institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at $33,000. Metropolitan Life Insurance Co NY acquired a new position in shares of Ethan Allen Interiors in the 1st quarter valued at $39,000. PNC Financial Services Group Inc. acquired a new position in shares of Ethan Allen Interiors in the 1st quarter valued at $41,000. Dorsey Wright & Associates acquired a new position in shares of Ethan Allen Interiors during the 1st quarter worth about $42,000. Finally, Fifth Third Bancorp acquired a new position in shares of Ethan Allen Interiors during the 1st quarter worth about $43,000. Institutional investors own 85.11% of the company’s stock.

About Ethan Allen Interiors (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.

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Earnings History and Estimates for Ethan Allen Interiors (NYSE:ETD)

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