Bassett Furniture Industries (NASDAQ:BSET) Releases Quarterly Earnings Results, Beats Expectations By $0.33 EPS

Bassett Furniture Industries (NASDAQ:BSET) released its quarterly earnings data on Wednesday. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.33, Zacks reports. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.42%.

Bassett Furniture Industries Price Performance

NASDAQ:BSET opened at $14.62 on Friday. Bassett Furniture Industries has a one year low of $12.10 and a one year high of $16.00. The firm has a 50-day moving average of $14.23 and a 200-day moving average of $14.02.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio is currently -72.73%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday.

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.