Ethan Allen Interiors Inc. (NYSE:ETD – Free Report) – Stock analysts at Telsey Advisory Group decreased their Q1 2024 earnings per share estimates for shares of Ethan Allen Interiors in a note issued to investors on Wednesday, September 20th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $0.74 for the quarter, down from their prior estimate of $0.84. Telsey Advisory Group currently has a “Market Perform” rating and a $33.00 price target on the stock. The consensus estimate for Ethan Allen Interiors’ current full-year earnings is $3.25 per share.
Ethan Allen Interiors (NYSE:ETD – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.83 by $0.13. The company had revenue of $187.38 million for the quarter, compared to analyst estimates of $189.85 million. Ethan Allen Interiors had a net margin of 13.37% and a return on equity of 23.23%. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS.
Read Our Latest Analysis on Ethan Allen Interiors
Ethan Allen Interiors Price Performance
Shares of ETD stock opened at $29.23 on Friday. The stock has a market capitalization of $741.57 million, a PE ratio of 7.08 and a beta of 1.25. Ethan Allen Interiors has a 1-year low of $21.10 and a 1-year high of $36.19. The business has a 50-day moving average of $31.47 and a 200 day moving average of $28.81.
Ethan Allen Interiors Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.93%. The ex-dividend date was Monday, August 14th. Ethan Allen Interiors’s dividend payout ratio is currently 34.87%.
Institutional Trading of Ethan Allen Interiors
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virginia Retirement Systems ET AL bought a new stake in Ethan Allen Interiors during the second quarter worth about $1,439,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Ethan Allen Interiors by 6.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 6,960 shares of the company’s stock valued at $197,000 after acquiring an additional 399 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Ethan Allen Interiors by 1.0% during the second quarter. Nuveen Asset Management LLC now owns 97,522 shares of the company’s stock valued at $2,758,000 after acquiring an additional 976 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Ethan Allen Interiors by 21.1% during the second quarter. Alliancebernstein L.P. now owns 12,534 shares of the company’s stock valued at $354,000 after acquiring an additional 2,180 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Ethan Allen Interiors by 17.8% during the second quarter. Wells Fargo & Company MN now owns 149,978 shares of the company’s stock valued at $4,241,000 after acquiring an additional 22,681 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
Ethan Allen Interiors Company Profile
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.
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