Sidoti Csr Has Negative Forecast for BSET Q1 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Sidoti Csr decreased their Q1 2025 earnings per share estimates for shares of Bassett Furniture Industries in a research note issued to investors on Thursday, January 2nd. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is ($0.77) per share. Sidoti Csr also issued estimates for Bassett Furniture Industries’ Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.33 EPS, Q1 2026 earnings at $0.11 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.42 EPS and Q4 2026 earnings at $0.56 EPS.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, October 9th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.18). Bassett Furniture Industries had a negative net margin of 5.00% and a negative return on equity of 3.47%. The firm had revenue of $75.62 million for the quarter, compared to analyst estimates of $78.63 million. During the same period in the previous year, the company earned ($0.30) EPS.

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

Bassett Furniture Industries Price Performance

Shares of Bassett Furniture Industries stock opened at $13.96 on Friday. The business has a 50 day simple moving average of $14.50 and a two-hundred day simple moving average of $14.01. Bassett Furniture Industries has a 12 month low of $12.10 and a 12 month high of $16.50. The stock has a market capitalization of $122.86 million, a P/E ratio of -7.16, a PEG ratio of 1.07 and a beta of 1.69.

Bassett Furniture Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.73%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -41.03%.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of large investors have recently made changes to their positions in the stock. Inspire Advisors LLC grew its position in Bassett Furniture Industries by 119.5% in the second quarter. Inspire Advisors LLC now owns 26,055 shares of the company’s stock worth $370,000 after acquiring an additional 14,183 shares during the period. Empowered Funds LLC boosted its position in shares of Bassett Furniture Industries by 5.0% during the third quarter. Empowered Funds LLC now owns 25,419 shares of the company’s stock worth $367,000 after buying an additional 1,206 shares during the period. Finally, Barclays PLC boosted its position in shares of Bassett Furniture Industries by 51.9% during the third quarter. Barclays PLC now owns 10,124 shares of the company’s stock worth $146,000 after buying an additional 3,459 shares during the period. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

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.