Ethan Allen Interiors (NYSE:ETD) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Ethan Allen Interiors (NYSE:ETD) released its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.18), Briefing.com reports. The firm had revenue of $146.42 million for the quarter, compared to analyst estimates of $168.15 million. Ethan Allen Interiors had a return on equity of 14.99% and a net margin of 10.63%. The firm’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share.

Ethan Allen Interiors Stock Performance

ETD traded down $0.03 on Friday, reaching $29.03. The company had a trading volume of 90,823 shares, compared to its average volume of 205,799. Ethan Allen Interiors has a fifty-two week low of $24.76 and a fifty-two week high of $36.19. The stock has a market cap of $737.36 million, a P/E ratio of 10.57 and a beta of 1.22. The company’s fifty day moving average is $32.55 and its 200 day moving average is $30.32.

Ethan Allen Interiors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 5.37%. Ethan Allen Interiors’s payout ratio is currently 52.36%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research note 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.