Ethan Allen Interiors (ETD) Set to Announce Quarterly Earnings on Wednesday

Ethan Allen Interiors (NYSE:ETD) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The business had revenue of $168.63 million during the quarter, compared to the consensus estimate of $159.65 million. During the same period in the prior year, the company posted $0.96 EPS. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, analysts expect Ethan Allen Interiors to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Ethan Allen Interiors Price Performance

ETD stock opened at $29.79 on Tuesday. Ethan Allen Interiors has a 1-year low of $25.33 and a 1-year high of $35.62. The company has a market capitalization of $757.56 million, a price-to-earnings ratio of 12.01 and a beta of 1.25. The business has a 50 day simple moving average of $30.73 and a two-hundred day simple moving average of $29.76.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, October 24th.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 30,000 shares of company stock worth $929,700. 10.48% of the stock is currently owned by insiders.

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 comprising fabric-covered items, such as 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.