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

Ethan Allen Interiors (NYSE:ETD) announced 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 17.19% and a net margin of 11.37%. Ethan Allen Interiors’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock traded down $4.51 during trading hours on Thursday, hitting $28.90. The company’s stock had a trading volume of 594,831 shares, compared to its average volume of 202,827. The company has a market capitalization of $734.06 million, a PE ratio of 9.26 and a beta of 1.22. The stock has a 50 day moving average of $32.60 and a 200 day moving average of $30.33. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors 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 boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.40%. Ethan Allen Interiors’s payout ratio is 46.15%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated 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.