Ethan Allen Interiors Inc. Announces Quarterly Dividend of $0.19 (NYSE:ETH)

Ethan Allen Interiors Inc. (NYSE:ETH) declared a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders of record on Wednesday, July 10th will be paid a dividend of 0.19 per share on Thursday, July 25th. This represents a $0.76 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Tuesday, July 9th.

Ethan Allen Interiors has increased its dividend payment by an average of 13.5% annually over the last three years. Ethan Allen Interiors has a payout ratio of 49.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 44.2%.

Shares of Ethan Allen Interiors stock opened at $20.96 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.77 and a quick ratio of 0.47. The stock has a market capitalization of $557.11 million, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.81 and a beta of 0.99. The firm’s fifty day moving average price is $21.17. Ethan Allen Interiors has a 12 month low of $16.90 and a 12 month high of $25.55.

Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.17 by $0.14. The business had revenue of $177.80 million during the quarter, compared to analyst estimates of $181.02 million. Ethan Allen Interiors had a return on equity of 10.84% and a net margin of 5.27%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, equities analysts expect that Ethan Allen Interiors will post 1.6 EPS for the current year.

Several brokerages have commented on ETH. Zacks Investment Research lowered Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. ValuEngine lowered Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $21.00 price objective (up previously from $20.00) on shares of Ethan Allen Interiors in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Ethan Allen Interiors currently has an average rating of “Hold” and a consensus target price of $21.48.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through 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 items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other 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.

See Also: Preferred Stock

Dividend History for Ethan Allen Interiors (NYSE:ETH)

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