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

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 Company Profile

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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Earnings History for Bassett Furniture Industries (NASDAQ:BSET)

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