Brokers Offer Predictions for Ethan Allen Interiors Inc.’s FY2017 Earnings (ETH)
Ethan Allen Interiors Inc. (NYSE:ETH) – Stock analysts at Gabelli upped their FY2017 earnings per share (EPS) estimates for Ethan Allen Interiors in a research report issued on Wednesday. Gabelli analyst J. Bergner now forecasts that the company will earn $1.50 per share for the year, up from their previous forecast of $1.40. Gabelli also issued estimates for Ethan Allen Interiors’ FY2018 earnings at $1.80 EPS, FY2019 earnings at $2.00 EPS and FY2020 earnings at $2.20 EPS.
Several other analysts have also issued reports on the company. Stifel Nicolaus dropped their target price on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Raymond James Financial, Inc. upgraded Ethan Allen Interiors from a “market perform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Tuesday, March 14th. TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Thursday, April 27th. Finally, Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.00.
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Shares of Ethan Allen Interiors (ETH) opened at 29.70 on Friday. Ethan Allen Interiors has a 1-year low of $26.75 and a 1-year high of $38.80. The stock’s 50 day moving average price is $28.78 and its 200-day moving average price is $30.97. The stock has a market capitalization of $822.57 million, a P/E ratio of 20.04 and a beta of 1.09.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.04. Ethan Allen Interiors had a return on equity of 11.31% and a net margin of 5.33%. The business had revenue of $180.20 million during the quarter, compared to analysts’ expectations of $184.18 million. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was down 5.5% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Ethan Allen Interiors by 122,313.2% in the first quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock valued at $105,279,000 after buying an additional 3,432,107 shares in the last quarter. Vanguard Group Inc. raised its stake in Ethan Allen Interiors by 0.4% in the first quarter. Vanguard Group Inc. now owns 2,386,883 shares of the company’s stock valued at $73,158,000 after buying an additional 10,210 shares in the last quarter. Royce & Associates LP raised its stake in Ethan Allen Interiors by 2.5% in the first quarter. Royce & Associates LP now owns 2,281,636 shares of the company’s stock valued at $69,932,000 after buying an additional 55,800 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ethan Allen Interiors by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,643,631 shares of the company’s stock valued at $50,377,000 after buying an additional 119,706 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Ethan Allen Interiors by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 917,098 shares of the company’s stock valued at $28,108,000 after buying an additional 29,582 shares in the last quarter. Hedge funds and other institutional investors own 99.20% of the company’s stock.
In other Ethan Allen Interiors news, Director Domenick J. Esposito acquired 840 shares of the company’s stock in a transaction on Monday, March 20th. The shares were purchased at an average price of $31.00 per share, for a total transaction of $26,040.00. Following the completion of the purchase, the director now directly owns 2,840 shares of the company’s stock, valued at $88,040. The transaction was disclosed in a document filed with the SEC, which is available through this link. 11.00% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th will be paid a $0.19 dividend. The ex-dividend date is Friday, July 7th. This represents a $0.76 annualized dividend and a yield of 2.56%. Ethan Allen Interiors’s dividend payout ratio is 51.70%.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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