Bassett Furniture Industries (NASDAQ:BSET) Announces Quarterly Earnings Results

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%.

BSET has been the topic of several recent analyst reports. Zacks Investment Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 16th. TheStreet raised Bassett Furniture Industries from a “d+” rating to a “c-” rating in a research note on Thursday, January 21st. Sidoti lifted their target price on Bassett Furniture Industries from $23.00 to $26.00 in a research note on Thursday, January 14th. Finally, Noble Financial assumed coverage on Bassett Furniture Industries in a research note on Wednesday, February 3rd. They issued an “outperform” rating and a $25.00 price objective on the stock.

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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Earnings History for Bassett Furniture Industries (NASDAQ:BSET)

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