Bassett Furniture Industries (NASDAQ:BSET) announced its earnings results on Wednesday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.16, MarketWatch Earnings reports. Bassett Furniture Industries had a negative return on equity of 0.63% and a negative net margin of 5.80%.
Shares of BSET stock opened at $24.18 on Friday. Bassett Furniture Industries has a twelve month low of $4.26 and a twelve month high of $28.10. The stock has a market capitalization of $240.57 million, a price-to-earnings ratio of -10.94, a P/E/G ratio of 0.89 and a beta of 1.56. The stock has a fifty day simple moving average of $23.09 and a two-hundred day simple moving average of $18.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Shareholders of record on Friday, May 14th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, May 13th. Bassett Furniture Industries’s dividend payout ratio is 111.11%.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Â-company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations.
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