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 analysts’ consensus estimates of $0.02 by $0.19, Zacks reports. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. During the same period in the previous year, the firm earned ($0.14) EPS.

Bassett Furniture Industries Trading Up 3.0 %

NASDAQ:BSET traded up $0.46 during midday trading on Wednesday, hitting $15.62. 30,482 shares of the company were exchanged, compared to its average volume of 17,215. Bassett Furniture Industries has a fifty-two week low of $12.11 and a fifty-two week high of $16.85. The company 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 company has a fifty day simple moving average of $15.09 and a 200 day simple moving average of $14.62.

Bassett Furniture Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

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.