July 21, 2024

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Ethan Allen Interiors (NYSE:ETD) Upgraded to Strong-Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Ethan Allen Interiors (NYSE:ETD) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports. They currently have $28.00 target price on the stock.

According to Zacks, “Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of the Design Centers in the United States and abroad. Ethan Allen owns and operates eight manufacturing facilities including six manufacturing facilities in the United States plus a plant in Mexico and one in Honduras. “

ETD opened at $25.21 on Monday. The company has a fifty day moving average price of $25.14. Ethan Allen Interiors has a 1 year low of $22.02 and a 1 year high of $32.15. The firm has a market cap of $636.80 million, a PE ratio of 9.07 and a beta of 1.14.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Thursday, January 27th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.19. The firm had revenue of $208.09 million during the quarter, compared to analysts’ expectations of $187.25 million. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 20.43%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 EPS. As a group, sell-side analysts forecast that Ethan Allen Interiors will post 3.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 23rd. Investors of record on Tuesday, February 8th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.60%. The ex-dividend date is Monday, February 7th. Ethan Allen Interiors’s payout ratio is presently 41.73%.

About Ethan Allen Interiors

Ethan Allen Interiors, Inc is engaged in manufacturing home furnishings and accessories. The firm offers a full complement of home decorating and design solutions through its home furnishing retail networks. It operates through two segments: Wholesale and Retail. The Wholesale segment develops the brand of the company, encompasses all aspects of design, manufacture, sourcing, marketing, sale and distribution of its broad range of home furnishing and accents.

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