KeyCorp Analysts Lift Earnings Estimates for Ethan Allen Interiors Inc. (ETH)
Ethan Allen Interiors Inc. (NYSE:ETH) – Equities research analysts at KeyCorp increased their FY2018 earnings estimates for Ethan Allen Interiors in a research report issued to clients and investors on Wednesday. KeyCorp analyst B. Thomas now expects that the company will earn $1.71 per share for the year, up from their prior forecast of $1.57. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Ethan Allen Interiors’ FY2019 earnings at $2.11 EPS.
ETH has been the subject of several other reports. Zacks Investment Research lowered Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Stifel Nicolaus boosted their price objective on Ethan Allen Interiors from $27.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Dougherty & Co raised Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.40.
Shares of Ethan Allen Interiors (NYSE:ETH) traded down $0.55 during trading on Monday, reaching $27.20. The company had a trading volume of 176,981 shares, compared to its average volume of 226,571. The company has a market capitalization of $762.32, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.82 and a beta of 1.40. Ethan Allen Interiors has a 1 year low of $26.45 and a 1 year high of $33.92.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $181.30 million during the quarter, compared to analyst estimates of $181.30 million. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. Ethan Allen Interiors’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share.
Several large investors have recently bought and sold shares of ETH. Jane Street Group LLC grew its holdings in shares of Ethan Allen Interiors by 105.4% during the third quarter. Jane Street Group LLC now owns 13,436 shares of the company’s stock valued at $435,000 after purchasing an additional 263,436 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ethan Allen Interiors by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,881,931 shares of the company’s stock valued at $60,786,000 after purchasing an additional 238,300 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Ethan Allen Interiors by 24.3% during the second quarter. Northern Trust Corp now owns 996,016 shares of the company’s stock valued at $32,171,000 after purchasing an additional 194,421 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Ethan Allen Interiors during the second quarter valued at approximately $5,088,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Ethan Allen Interiors by 447.9% during the third quarter. JPMorgan Chase & Co. now owns 183,258 shares of the company’s stock valued at $5,947,000 after purchasing an additional 149,808 shares during the last quarter. 99.41% of the stock is owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, January 9th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 66.09%.
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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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