StockNews.com Upgrades Ethan Allen Interiors to Buy Following Impressive Quarterly Earnings Report
June 23, 2023
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Ethan Allen Interiors ($NYSE:ETD), Inc. is a leading furniture retailer and interior design company that operates in the United States, Canada, and the United Arab Emirates. On Friday, StockNews.com upgraded Ethan Allen Interiors to a “buy” rating following an impressive quarterly earnings report. In addition to a strong financial performance, the quarterly earnings report also highlighted the company’s success in expanding its e-commerce efforts and digital marketing strategies. Moreover, the company’s long-term strategy of focusing on customer service continues to pay dividends, as evidenced by Ethan Allen Interiors’ consistently high customer satisfaction ratings.
This strategy has allowed the company to maintain a loyal customer base and drive repeat business, which is crucial to its success in an increasingly competitive market. With strong financial performance and a focus on customer service, the company is well-positioned for future growth.
Earnings
In the fiscal year of 2023 Q3 ending March 31, 2023, ETHAN ALLEN INTERIORS earned a total revenue of 186.32M USD and a net income of 22.36M USD. This significant growth has prompted StockNews.com to upgrade the company’s rating to a ‘Buy’.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ETD. More…
| Total Revenues | Net Income | Net Margin |
| 833.69 | 111.92 | 13.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ETD. More…
| Operations | Investing | Financing |
| 103.71 | -91.62 | -46.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ETD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 741.32 | 288.13 | 17.24 |
Key Ratios Snapshot
Some of the financial key ratios for ETD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 68.5% | 18.0% |
| FCF Margin | ROE | ROA |
| 10.6% | 21.1% | 12.6% |
Stock Price
Despite the downgrade, the stock opened at $27.5 and closed at $27.1, down by 1.1% from the previous day’s closing price of $27.4. This strong performance was driven by a combination of higher product prices, cost efficiency initiatives and a focus on digital sales. Additionally, the company announced that it will now offer financing options to its customers, allowing them to purchase their furniture with monthly payments instead of upfront costs. This move is expected to further increase sales and profitability in the future. Live Quote…
Analysis
At GoodWhale, we conduct comprehensive analyses of a company’s financials before providing our risk rating. After conducting an analysis of ETHAN ALLEN INTERIORS’ financials, we have determined that the company is a medium risk investment in terms of both financial and business aspects. We have detected one risk warning in the balance sheet of ETHAN ALLEN INTERIORS. To view this warning and any other risk warnings that we have detected, please register with us. We look forward to helping you make informed decisions about your investments. More…
Peers
The company offers a wide range of furniture products, including bedroom, dining room, and living room furniture, as well as office, outdoor, and home accents. Ethan Allen Interiors Inc operates through a network of company-owned stores and licensed dealers. Traeger Inc, Whirlpool Corp, and Tempur Sealy International Inc are all major competitors of Ethan Allen Interiors Inc.
– Traeger Inc ($NYSE:COOK)
Traeger Inc has a market cap of 438.66M as of 2022, a Return on Equity of -26.37%. The company manufactures and sells wood pellet grills and related products.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corporation is an American multinational manufacturing and marketing company of home appliances, headquartered in Benton Harbor, Michigan. The company has annual revenue of approximately $21 billion, 92,000 employees, and more than 70 manufacturing and technology research centers around the world.
– Tempur Sealy International Inc ($NYSE:TPX)
Tempur Sealy International Inc is a leading manufacturer, marketer and distributor of bedding products. The company’s products include mattresses, pillows, cushions, and other sleep-related accessories. Tempur Sealy International Inc has a market cap of 5.09B as of 2022, a Return on Equity of -287.04%. The company’s products are sold through a network of retailers, including department stores, mass merchandisers, specialty bedding retailers, and its own direct-to-consumer website. Tempur Sealy International Inc is headquartered in Lexington, Kentucky.
Summary
Analysts at StockNews.com recently upgraded their rating of Ethan Allen Interiors from a “hold” to a “buy” rating following the company’s impressive quarterly earnings report. The report provides investors with an excellent opportunity to consider the stock as a buy, especially due to strong performance in the company’s core markets. Investors should also keep an eye out for potential growth opportunities resulting from new product introductions and ongoing expansion of the company’s retail presence. With a strong outlook for the future, investors should consider Ethan Allen Interiors as a potential investment.
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