Ethan Allen Interiors Inc. (ETD) To Go Ex-Dividend on August 12th

Ethan Allen Interiors Inc. (NYSE:ETD) declared a special dividend on Tuesday, July 28th. Stockholders of record on Wednesday, August 12th will be paid a dividend of 0.25 per share on Wednesday, August 26th. The ex-dividend date of this dividend is Wednesday, August 12th.

Ethan Allen Interiors has increased its dividend by an average of 0.2%annually over the last three years and has raised 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. Equities analysts expect Ethan Allen Interiors to earn $1.50 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 104.0%.

Ethan Allen Interiors Trading Down 3.0%

Shares of NYSE ETD traded down $0.71 during trading hours on Thursday, hitting $22.88. 403,267 shares of the company traded hands, compared to its average volume of 464,046. The company’s 50 day moving average price is $21.67 and its 200 day moving average price is $22.24. Ethan Allen Interiors has a 12 month low of $18.28 and a 12 month high of $31.41. The stock has a market capitalization of $582.40 million, a price-to-earnings ratio of 14.47 and a beta of 1.01.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.Ethan Allen Interiors’s revenue was down 8.5% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities analysts anticipate that Ethan Allen Interiors will post 1.45 EPS for the current year.

More Ethan Allen Interiors News

Here are the key news stories impacting Ethan Allen Interiors this week:

• Positive Sentiment: Shareholder returns increased: Ethan Allen declared its regular $0.39-per-share dividend and a $0.25-per-share special dividend. Shareholders of record on August 12 are scheduled to receive the special dividend on August 26. Ethan Allen Interiors declares regular and special dividends
• Positive Sentiment: Quarterly earnings beat expectations: Fiscal fourth-quarter EPS was $0.36, above the $0.34 consensus estimate. Management also highlighted strong margins and a robust balance sheet despite difficult operating conditions. Ethan Allen beats fourth-quarter earnings estimates
• Positive Sentiment: Margin resilience provides support: Ethan Allen’s vertical integration and operating discipline are helping protect profitability, while the company’s balance sheet supports dividends and could provide flexibility during the downturn. Ethan Allen: Weak Sales, Resilient Margins

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.