Equities Analysts Offer Predictions for Ethan Allen Interiors Inc.’s FY2019 Earnings (NYSE:ETH)

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Ethan Allen Interiors Inc. (NYSE:ETH) – Research analysts at Dougherty & Co raised their FY2019 earnings per share (EPS) estimates for shares of Ethan Allen Interiors in a report released on Monday, October 15th, according to Zacks Investment Research. Dougherty & Co analyst J. Hamblin now forecasts that the company will post earnings per share of $1.57 for the year, up from their prior estimate of $1.55.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, October 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Ethan Allen Interiors had a return on equity of 9.66% and a net margin of 4.89%. The business had revenue of $187.79 million for the quarter, compared to analysts’ expectations of $186.90 million.

A number of other research firms have also recently commented on ETH. Zacks Investment Research cut Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 17th. ValuEngine cut Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Raymond James reiterated a “buy” rating and set a $27.00 target price on shares of Ethan Allen Interiors in a research note on Sunday, August 12th. Finally, Telsey Advisory Group lowered their target price on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.75.

NYSE:ETH traded up $0.07 during trading hours on Wednesday, hitting $19.81. 337,899 shares of the company traded hands, compared to its average volume of 474,674. The stock has a market cap of $525.54 million, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. Ethan Allen Interiors has a one year low of $18.71 and a one year high of $30.10.

In other Ethan Allen Interiors news, Chairman M Farooq Kathwari bought 10,000 shares of the stock in a transaction dated Tuesday, November 6th. The shares were bought at an average cost of $19.50 per share, for a total transaction of $195,000.00. Following the purchase, the chairman now directly owns 1,979,377 shares of the company’s stock, valued at approximately $38,597,851.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 10.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new stake in Ethan Allen Interiors in the 2nd quarter worth about $143,000. Kessler Investment Group LLC purchased a new stake in Ethan Allen Interiors in the 3rd quarter worth about $162,000. Verition Fund Management LLC purchased a new stake in Ethan Allen Interiors in the 1st quarter worth about $229,000. Itau Unibanco Holding S.A. purchased a new stake in Ethan Allen Interiors in the 2nd quarter worth about $231,000. Finally, State of Alaska Department of Revenue increased its holdings in Ethan Allen Interiors by 38.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,383 shares of the company’s stock worth $235,000 after acquiring an additional 3,169 shares during the last quarter. 95.43% of the stock is owned by 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 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.

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

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