As of September 19, 2023, Ethan Allen‘s manufacturing facility located in Orleans, Vermont, has successfully resumed its operations after facing significant setbacks caused by severe flooding in July. The devastating floods inflicted substantial damage to the plant, leading to a temporary halt in the production of customized orders. Consequently, the company anticipates a decline of approximately $15 million in its consolidated net sales for the first quarter of fiscal 2024.
Nevertheless, Ethan Allen is actively striving to overcome these challenges and regain its momentum. The company is diligently working with its insurance providers to recover a portion of the losses incurred due to the flooding. The outcome of these efforts will be reflected in the financial results of Ethan Allen’s first quarter of fiscal 2024.
Ethan Allen Interiors Inc.
ETD
Buy
Updated on: 29/09/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
ETD Stock: Stable Performance on September 19, 2023 – Future Earnings and Industry Trends to Watch
On September 19, 2023, ETD stock had a relatively stable performance. The stock opened at $30.65 and fluctuated within a range of $30.51 to $31.01. The trading volume for the day was 92,860 shares.
ETD has a market capitalization of $786.3 million. The company’s earnings growth in the last year was +2.20%, but the earnings growth for this year is -24.23%. Looking ahead, the company is expected to experience a positive earnings growth of +15.00% over the next five years.
In terms of revenue growth, ETD experienced a decline of -3.23% in the last year. The price-to-earnings (P/E) ratio for ETD stock is 7.5.
The price/sales ratio for ETD is 0.91, and the price/book ratio is 1.67.
On September 19, 2023, ETD stock showed a slight increase of +0.11 (+0.55%) in comparison to the previous day’s closing price.
Looking ahead, ETD’s next reporting date is scheduled for October 25, 2023. Analysts forecast an earnings per share (EPS) of $0.83 for the current quarter. In the previous year, ETD generated an annual revenue of $791.4 million and a profit of $105.8 million, resulting in a net profit margin of 13.37%.
ETD operates in the consumer durables sector and is part of the home furnishings industry. The company’s corporate headquarters are located in Danbury, Connecticut.
In conclusion, ETD stock had a relatively stable performance on September 19, 2023. Investors should closely monitor the company’s future earnings reports and industry trends to make informed investment decisions.
ETD Stock Shows Stable Performance with Potential Increase in Value: Analysts Consensus
ETD stock had a relatively stable performance on September 19, 2023. The stock closed at a price of $30.82, and according to data from CNN Money, the one analyst offering a 12-month price forecast for ETD has a median target of $33.00. This median estimate suggests a potential increase of 7.07% from the last price.
The high and low estimates provided by the analyst are also $33.00, indicating a consensus among analysts regarding the stock’s potential future value. This consensus forecast suggests a positive sentiment towards ETD stock, as all estimates point towards an increase in value.
The current consensus among three polled investment analysts is to hold stock in Ethan Allen Interiors Inc. This rating has remained steady since August, indicating that analysts have not changed their stance on the stock’s potential.
Ethan Allen Interiors Inc reported earnings per share of $0.83 for the current quarter. This figure represents the company’s profitability on a per-share basis. Additionally, the company reported sales of $192.8 million for the same period. These figures provide insights into the company’s financial health and performance.
Investors and analysts will be eagerly awaiting the reporting date for Ethan Allen Interiors Inc, which is scheduled for October 25. This report will provide further details and information on the company’s financial performance, potentially impacting the stock’s future performance.
Overall, based on the provided information, ETD stock has a positive outlook with analysts forecasting a potential increase in value. However, investors should closely monitor the upcoming earnings report and any other relevant news or developments that may impact the stock’s performance.
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