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

Bassett Furniture Industries (NASDAQ:BSET) issued its earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.19, Zacks reports. The company had revenue of $82.16 million for the quarter, compared to the consensus estimate of $79.71 million. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. During the same quarter in the prior year, the company earned ($0.14) EPS.

Bassett Furniture Industries Price Performance

Shares of NASDAQ BSET opened at $15.38 on Friday. Bassett Furniture Industries has a one year low of $12.11 and a one year high of $16.20. The business’s 50-day moving average price is $15.15 and its two-hundred day moving average price is $14.64. The company has a market capitalization of $135.16 million, a P/E ratio of -13.98, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Bassett Furniture Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a yield of 5.20%. Bassett Furniture Industries’s payout ratio is -72.73%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.