Bassett Furniture Industries (BSET) Expected to Announce Quarterly Earnings on Thursday

Bassett Furniture Industries (NASDAQ:BSET) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Bassett Furniture Industries to post earnings of $0.05 per share and revenue of $82,895.50 billion for the quarter.

Bassett Furniture Industries Stock Down 3.5 %

Bassett Furniture Industries stock opened at $13.86 on Tuesday. Bassett Furniture Industries has a twelve month low of $12.10 and a twelve month high of $16.50. The company’s 50-day moving average price is $14.33 and its two-hundred day moving average price is $14.00. The stock has a market cap of $121.98 million, a P/E ratio of -7.11, a P/E/G ratio of 1.08 and a beta of 1.69.

Bassett Furniture Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 5.77%. Bassett Furniture Industries’s payout ratio is currently -41.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

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.