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

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

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock traded up $2.68 during midday trading on Thursday, hitting $31.25. 113,527 shares of the company’s stock were exchanged, compared to its average volume of 195,140. The company has a market cap of $794.69 million, a PE ratio of 12.62 and a beta of 1.31. The firm has a 50-day moving average of $29.12 and a two-hundred day moving average of $29.87. Ethan Allen Interiors has a 12 month low of $26.53 and a 12 month high of $35.62.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

ETD has been the topic of several recent research reports. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday.

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.