Ethan Allen Interiors Inc. (ETD) to Issue Quarterly Dividend of $0.39 on May 27th

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Wednesday, May 13th will be paid a dividend of 0.39 per share on Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, May 13th.

Ethan Allen Interiors has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Ethan Allen Interiors has a dividend payout ratio of 73.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ethan Allen Interiors to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 97.5%.

Ethan Allen Interiors Stock Up 0.2%

Shares of NYSE:ETD opened at $20.44 on Monday. Ethan Allen Interiors has a 52-week low of $20.01 and a 52-week high of $31.41. The stock has a market cap of $520.07 million, a price-to-earnings ratio of 12.93 and a beta of 1.04. The business has a 50-day moving average price of $22.20 and a 200-day moving average price of $23.38.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The firm had revenue of $135.84 million during the quarter, compared to analysts’ expectations of $134.85 million. During the same period last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ethan Allen Interiors will post 1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Telsey Advisory Group reduced their price objective on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, April 30th. Wall Street Zen upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings cut Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $24.00.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.