Ethan Allen Interiors (ETH) Releases Earnings Results, Beats Expectations By $0.03 EPS

Ethan Allen Interiors (ETH) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.31. The company posted revenue of $190.60 million in the period, compared to analysts expectations of $183.04 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Ethan Allen Interiors. Company shares were Reiterated by Telsey Advisory Group on Apr 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $30 .Gabelli & Co Upgraded Ethan Allen Interiors on Jan 27, 2016 to ” Buy”, Price Target of the shares are set at $34.Company shares were Reiterated by Dougherty & Company on Jan 27, 2016 to “Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $35 .

Ethan Allen Interiors closed down -0.21 points or -0.67% at $31.02 with 2,13,007 shares getting traded on Friday. Post opening the session at $31.27, the shares hit an intraday low of $30.89 and an intraday high of $31.53 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 9, 2016, Tara I. Stacom (director) purchased 3,300 shares at $29.47 per share price. According to the SEC, on Mar 8, 2016, John J Jr Dooner (director) purchased 10,100 shares at $29.49 per share price. On Mar 2, 2016, Clinton A Clark (director) sold 500 shares at $28.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Ethan Allen Interiors Inc. (Ethan Allen) through its wholly owned subsidiary Ethan Allen Global Inc. is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through and a network of approximately 300 design centers in the United States. The Company owns and operates eight manufacturing facilities including five manufacturing plants and one sawmill in the United States and a manufacturing plant in each of Mexico and Honduras. The Company operates in two segments including wholesale and retail. The wholesale segment develops designs manufactures sells and distributes home furnishings and accents. The retail segment is engaged in selling of home furnishings and accents to consumers.

Ethan Allen Interiors

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