Bassett Furniture Industries (NASDAQ:BSET) Releases Earnings Results, Beats Expectations By $0.03 EPS

Bassett Furniture Industries (NASDAQ:BSET) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03, Fidelity Earnings reports. Bassett Furniture Industries had a net margin of 1.29% and a return on equity of 3.39%. The firm had revenue of $109.42 million during the quarter, compared to the consensus estimate of $110.38 million.

Bassett Furniture Industries stock traded down $0.16 during mid-day trading on Friday, hitting $14.46. The stock had a trading volume of 2,548 shares, compared to its average volume of 51,891. The firm has a market capitalization of $159.69 million, a P/E ratio of 14.91, a P/E/G ratio of 1.73 and a beta of 0.80. The firm’s 50 day moving average is $13.50 and its 200 day moving average is $14.82. Bassett Furniture Industries has a one year low of $11.64 and a one year high of $22.27.

Several research analysts recently weighed in on BSET shares. ValuEngine raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Monday, July 1st.

About Bassett Furniture Industries

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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