Bassett Furniture Industries (NASDAQ:BSET) Announces Earnings Results, Beats Estimates By $0.19 EPS

Bassett Furniture Industries (NASDAQ:BSET) issued its quarterly earnings data on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.19, Zacks reports. The company had revenue of $82.16 million during the quarter, compared to analysts’ expectations 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 previous year, the company posted ($0.14) earnings per share.

Bassett Furniture Industries Trading Up 3.0 %

Shares of Bassett Furniture Industries stock opened at $15.62 on Thursday. The firm has a market capitalization of $137.27 million, a PE ratio of -14.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. The firm’s 50 day moving average is $15.12 and its 200 day moving average is $14.63. Bassett Furniture Industries has a 1 year low of $12.11 and a 1 year high of $16.20.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, May 16th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

Bassett Furniture Industries Company Profile

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.