Bassett Furniture Industries (NASDAQ:BSET) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Bassett Furniture Industries (NASDAQ:BSET) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.09), Bloomberg Earnings reports. The company had revenue of $113.64 million for the quarter, compared to analysts’ expectations of $115.30 million. Bassett Furniture Industries had a positive return on equity of 2.44% and a negative net margin of 0.43%.

Shares of NASDAQ:BSET opened at $14.10 on Friday. The company has a market capitalization of $154.08 million, a PE ratio of -70.50, a P/E/G ratio of 1.00 and a beta of 0.73. Bassett Furniture Industries has a twelve month low of $11.64 and a twelve month high of $20.90. The firm has a 50 day simple moving average of $16.28 and a 200-day simple moving average of $14.60.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.50 annualized dividend and a dividend yield of 3.55%. Bassett Furniture Industries’s dividend payout ratio is presently 111.11%.

Several brokerages have recently weighed in on BSET. ValuEngine upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Zacks Investment Research downgraded shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research report on Monday, January 20th.

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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