Bassett Furniture Industries (NASDAQ:BSET) posted its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03, Fidelity Earnings reports. The firm had revenue of $109.42 million for the quarter, compared to the consensus estimate of $110.38 million. Bassett Furniture Industries had a return on equity of 3.39% and a net margin of 1.29%.
Shares of NASDAQ BSET traded down $0.16 during trading hours on Friday, hitting $14.46. The company’s stock had a trading volume of 2,548 shares, compared to its average volume of 51,891. The stock has a market cap of $159.69 million, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.73 and a beta of 0.80. Bassett Furniture Industries has a 12 month low of $11.64 and a 12 month high of $22.27. The business has a 50-day simple moving average of $13.50 and a 200-day simple moving average of $14.82.
A number of brokerages have recently issued reports on BSET. ValuEngine raised Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research cut Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note on Monday, July 1st.
Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings retail stores, as well as independent furniture retailers; and wood and upholstery operations.
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