Ethan Allen Interiors (NYSE:ETD) Announces Quarterly Earnings Results

Ethan Allen Interiors (NYSE:ETD) issued its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18), Briefing.com reports. Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The company had revenue of $146.42 million during the quarter, compared to analyst estimates of $168.15 million. During the same period in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was down 21.4% on a year-over-year basis.

Ethan Allen Interiors Price Performance

NYSE:ETD traded down $4.51 during mid-day trading on Thursday, reaching $28.90. The stock had a trading volume of 594,831 shares, compared to its average volume of 202,827. The stock has a 50-day simple moving average of $32.60 and a two-hundred day simple moving average of $30.33. The stock has a market capitalization of $734.06 million, a PE ratio of 9.26 and a beta of 1.22. Ethan Allen Interiors has a 12 month low of $24.76 and a 12 month high of $36.19.

Ethan Allen Interiors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be given a dividend of $0.39 per share. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.56 annualized dividend and a dividend yield of 5.40%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 46.15%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday.

About Ethan Allen Interiors

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.