Equities research analysts expect that Bassett Furniture Industries, Incorporated (NASDAQ:BSET) will post earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bassett Furniture Industries,’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.36. Bassett Furniture Industries, reported earnings of $0.33 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, June 29th.

On average, analysts expect that Bassett Furniture Industries, will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.48. For the next year, analysts anticipate that the firm will report earnings of $1.81 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Bassett Furniture Industries,.

Bassett Furniture Industries, (NASDAQ:BSET) last posted its quarterly earnings results on Thursday, March 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.02. The firm had revenue of $105.90 million for the quarter, compared to the consensus estimate of $108.90 million. Bassett Furniture Industries, had a return on equity of 8.62% and a net margin of 3.59%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Separately, Zacks Investment Research raised Bassett Furniture Industries, from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, April 3rd.

Bassett Furniture Industries, (BSET) traded up 0.79% on Friday, hitting $31.95. The stock had a trading volume of 35,850 shares. The company has a market capitalization of $342.50 million, a price-to-earnings ratio of 22.33 and a beta of 1.17. Bassett Furniture Industries, has a 52 week low of $22.42 and a 52 week high of $32.50. The firm has a 50-day moving average of $30.11 and a 200 day moving average of $28.66.

Several hedge funds have recently modified their holdings of BSET. Royce & Associates LP raised its stake in shares of Bassett Furniture Industries, by 6.7% in the first quarter. Royce & Associates LP now owns 1,046,070 shares of the company’s stock valued at $28,139,000 after buying an additional 66,070 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Bassett Furniture Industries, by 3.3% in the first quarter. Gamco Investors INC. ET AL now owns 552,965 shares of the company’s stock valued at $14,875,000 after buying an additional 17,460 shares in the last quarter. Renaissance Technologies LLC raised its stake in Bassett Furniture Industries, by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 503,500 shares of the company’s stock valued at $15,306,000 after buying an additional 3,600 shares in the last quarter. Vanguard Group Inc. raised its stake in Bassett Furniture Industries, by 0.8% in the first quarter. Vanguard Group Inc. now owns 483,465 shares of the company’s stock valued at $13,005,000 after buying an additional 3,978 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its stake in Bassett Furniture Industries, by 3.3% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 478,197 shares of the company’s stock valued at $12,863,000 after buying an additional 15,360 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

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About Bassett Furniture Industries,

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.

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