Ethan Allen Interiors (NYSE:ETD) Releases Earnings Results, Misses Expectations By $0.01 EPS

Ethan Allen Interiors (NYSE:ETD) announced its quarterly earnings results on Wednesday. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01), Zacks reports. Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.12%.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD traded down $0.29 during trading on Wednesday, reaching $28.64. The stock had a trading volume of 267,669 shares, compared to its average volume of 200,904. The business has a fifty day moving average price of $29.12 and a 200-day moving average price of $29.87. Ethan Allen Interiors has a 1-year low of $26.53 and a 1-year high of $35.62. The stock has a market cap of $728.37 million, a PE ratio of 11.60 and a beta of 1.31.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Friday, January 24th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Company Profile

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.