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

Ethan Allen Interiors (NYSE:ETD) issued its quarterly 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 Price Performance

NYSE:ETD traded up $2.68 during midday trading on Thursday, hitting $31.25. The company’s stock had a trading volume of 113,527 shares, compared to its average volume of 195,140. Ethan Allen Interiors has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The firm has a market cap of $794.69 million, a P/E ratio of 12.62 and a beta of 1.31. The firm’s 50 day moving average is $29.12 and its 200-day moving average is $29.87.

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 on 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 transaction, the chief executive officer now owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ETD shares. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 price objective 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.