Brokers Set Expectations for Ethan Allen Interiors Inc.’s Q2 2023 Earnings (NYSE:ETD)
Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) – Telsey Advisory Group dropped their Q2 2023 EPS estimates for shares of Ethan Allen Interiors in a report released on Monday, August 1st. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $0.76 per share for the quarter, down from their prior forecast of $0.79. Telsey Advisory Group has a “Market Perform” rating and a $25.00 price objective on the stock. The consensus estimate for Ethan Allen Interiors’ current full-year earnings is $3.48 per share. Telsey Advisory Group also issued estimates for Ethan Allen Interiors’ Q3 2023 earnings at $0.67 EPS, Q4 2023 earnings at $0.62 EPS and FY2023 earnings at $2.80 EPS.
Separately, StockNews.com raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, May 17th.
Ethan Allen Interiors Stock Down 3.0 %
Ethan Allen Interiors stock opened at $22.67 on Tuesday. The firm has a 50-day moving average price of $21.89 and a two-hundred day moving average price of $24.10. The firm has a market capitalization of $574.00 million, a price-to-earnings ratio of 6.44 and a beta of 1.15. Ethan Allen Interiors has a 52-week low of $19.60 and a 52-week high of $28.04.
Institutional Trading of Ethan Allen Interiors
Institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $33,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $39,000. PNC Financial Services Group Inc. acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $41,000. Dorsey Wright & Associates acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $42,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $43,000. 85.11% of the stock is owned by institutional investors and hedge funds.
Ethan Allen Interiors Company Profile
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 items comprising 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.
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