Ethan Allen Interiors Inc. (ETH) Plans $0.17 Quarterly Dividend

Ethan Allen Interiors Inc. (NYSE:ETH) declared a quarterly dividend on Wednesday, July 27th. Shareholders of record on Monday, October 10th will be paid a dividend of 0.17 per share on Tuesday, October 25th. This represents a $0.68 annualized dividend and a dividend yield of 2.00%.

Ethan Allen Interiors (NYSE:ETH) traded down 4.87% during trading on Wednesday, hitting $34.02. The company had a trading volume of 570,497 shares. The company has a market cap of $943.82 million and a PE ratio of 18.58. The company’s 50 day moving average price is $33.56 and its 200-day moving average price is $30.86. Ethan Allen Interiors has a 12 month low of $22.46 and a 12 month high of $36.77.

Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business had revenue of $205.70 million for the quarter, compared to analyst estimates of $200.28 million. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Equities analysts expect that Ethan Allen Interiors will post $2.14 earnings per share for the current year.

In other news, Director Domenick J. Esposito acquired 1,000 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were purchased at an average price of $33.14 per share, for a total transaction of $33,140.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $66,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Several brokerages have issued reports on ETH. Dougherty & Co raised their price objective on Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial Inc. lowered Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a report on Wednesday. Citigroup Inc. lowered Ethan Allen Interiors to a “market perform” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Telsey Advisory Group raised Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $40.00 in a report on Tuesday, July 19th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $36.75.

Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.