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

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

Bassett Furniture Industries Stock Performance

Bassett Furniture Industries stock opened at $15.62 on Thursday. Bassett Furniture Industries has a fifty-two week low of $12.11 and a fifty-two week high of $16.20. The firm’s 50-day simple moving average is $15.12 and its 200 day simple moving average is $14.63. The stock has a market cap 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.

Bassett Furniture Industries Announces Dividend

The company also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Friday, May 16th. Bassett Furniture Industries’s payout ratio is currently -72.73%.

Analysts Set New Price Targets

Separately, StockNews.com raised Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report 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.