Bassett Furniture Industries (BSET) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Bassett Furniture Industries (NASDAQ:BSET) issued its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03, Analyst Ratings News reports. The company had revenue of $83.10 million for the quarter, compared to the consensus estimate of $76.80 million.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, December 24th.
Shares of Bassett Furniture Industries (NASDAQ:BSET) opened at 14.57 on Wednesday. Bassett Furniture Industries has a one year low of $12.35 and a one year high of $17.68. The stock has a 50-day moving average of $15.01 and a 200-day moving average of $15.18. The company has a market cap of $159.2 million and a P/E ratio of 7.76.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Wednesday, February 12th.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a vertically integrated manufacturer, importer and retailer of home furnishings.
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