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

Bassett Furniture Industries (NASDAQ:BSET) released its earnings results on Wednesday. The company reported $0.40 earnings per share for the quarter, beating 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%.

Bassett Furniture Industries stock traded down $0.09 during midday trading on Friday, reaching $24.18. The stock had a trading volume of 85,927 shares, compared to its average volume of 87,015. The firm’s fifty day simple moving average is $23.09 and its 200-day simple moving average is $18.98. Bassett Furniture Industries has a 1-year low of $4.26 and a 1-year high of $28.10. The stock has a market capitalization of $240.57 million, a P/E ratio of -10.94, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, May 14th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, May 13th. Bassett Furniture Industries’s dividend payout ratio is presently 111.11%.

Several equities analysts have weighed in on BSET shares. TheStreet raised Bassett Furniture Industries from a “d+” rating to a “c-” rating in a research note on Thursday, January 21st. Sidoti raised their price target on Bassett Furniture Industries from $23.00 to $26.00 in a research report on Thursday, January 14th. Zacks Investment Research lowered Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 16th. Finally, Noble Financial started coverage on Bassett Furniture Industries in a research report on Wednesday, February 3rd. They set an “outperform” rating and a $25.00 price target on the stock.

About Bassett Furniture Industries

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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