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

Bassett Furniture Industries (NASDAQ:BSET) announced its quarterly earnings data on Wednesday. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33, Zacks reports. Bassett Furniture Industries had a negative return on equity of 3.47% and a negative net margin of 5.00%.

Bassett Furniture Industries Stock Up 1.7 %

Shares of BSET traded up $0.24 during mid-day trading on Wednesday, reaching $14.19. The company’s stock had a trading volume of 30,751 shares, compared to its average volume of 10,878. The business has a fifty day moving average of $14.24 and a 200 day moving average of $14.02. The company has a market cap of $124.89 million, a price-to-earnings ratio of -7.28, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a 1 year low of $12.10 and a 1 year high of $16.15.

Bassett Furniture Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.20 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.64%. Bassett Furniture Industries’s payout ratio is currently -41.03%.

Analyst Upgrades and Downgrades

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

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.