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%.
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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