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

Bassett Furniture Industries (NASDAQ:BSET) posted its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31, MarketWatch Earnings reports. Bassett Furniture Industries had a net margin of 4.18% and a return on equity of 11.89%.

BSET opened at $18.11 on Friday. Bassett Furniture Industries has a 12 month low of $13.83 and a 12 month high of $37.00. The company has a market cap of $177.44 million, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.66 and a beta of 1.86. The company has a 50 day moving average of $21.03 and a 200 day moving average of $25.41.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Friday, August 13th were given a $0.14 dividend. The ex-dividend date was Thursday, August 12th. This represents a $0.56 annualized dividend and a dividend yield of 3.09%. This is a positive change from Bassett Furniture Industries’s previous quarterly dividend of $0.13. Bassett Furniture Industries’s payout ratio is 116.67%.

BSET has been the topic of a number of research reports. Noble Financial reaffirmed a “buy” rating and issued a $32.00 price target on shares of Bassett Furniture Industries in a report on Monday, August 23rd. Zacks Investment Research cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 31st.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Inc engages in manufacturing, marketing and retailing home furnishings. It operates through the following segments: Wholesale, Retail, and Logistical Services. The Wholesale segment focuses on the design, manufacture, sourcing, sale and distribution of furniture products.

Further Reading: Dual Listing

Earnings History for Bassett Furniture Industries (NASDAQ:BSET)

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