Ethan Allen Interiors (NYSE: ETD – Get Rating) issued its earnings results on Wednesday. The company reported $ 1.25 EPS for the quarter, topping the consensus estimate of $ 0.80 by $ 0.45, Fidelity Earnings reports. Ethan Allen Interiors had a return on equity of 27.48% and a net margin of 12.63%. During the same quarter in the prior year, the business earned $ 0.74 earnings per share.
Ethan Allen Interiors Stock Performance
NYSE: ETD traded down $ 0.82 during trading on Friday, reaching $ 24.43. The company’s stock had a trading volume of 6,993 shares, compared to its average volume of 196,894. The firm has a market cap of $ 618.57 million, a price-to-earnings ratio of 6.25 and a beta of 1.15. Ethan Allen Interiors has a 12 month low of $ 19.60 and a 12 month high of $ 28.04. The firm has a 50 day moving average of $ 21.95 and a 200-day moving average of $ 24.09.
Ethan Allen Interiors Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 16th will be paid a $ 0.32 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $ 1.28 dividend on an annualized basis and a yield of 5.24%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 31.68%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in ETD. Metropolitan Life Insurance Co NY purchased a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at about $ 39,000. PNC Financial Services Group Inc. bought a new position in Ethan Allen Interiors during the 1st quarter worth approximately $ 41,000. Ameritas Investment Partners Inc. bought a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $ 50,000. Captrust Financial Advisors bought a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $ 57,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $ 67,000. Institutional investors own 85.11% of the company’s stock.
Analyst Upgrades and Downgrades
ETD has been the topic of several analyst reports. Telsey Advisory Group reduced their target price on Ethan Allen Interiors from $ 26.00 to $ 25.00 and set a “market perform” rating on the stock in a report on Monday. StockNews.com raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, May 17th.
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 items comprising 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.
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