Wall Street analysts forecast that Bassett Furniture Industries, Incorporated (NASDAQ:BSET) will report $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bassett Furniture Industries,’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. Bassett Furniture Industries, also reported earnings per share of $0.38 in the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Thursday, October 5th.

According to Zacks, analysts expect that Bassett Furniture Industries, will report full year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.75. For the next fiscal year, analysts expect that the company will report earnings of $1.80 per share, with EPS estimates ranging from $1.79 to $1.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Bassett Furniture Industries,.

Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The business had revenue of $114.10 million during the quarter, compared to the consensus estimate of $110.52 million. Bassett Furniture Industries, had a net margin of 4.08% and a return on equity of 9.05%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share.

Several equities analysts have recently commented on BSET shares. Zacks Investment Research lowered shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Stifel Nicolaus upped their price objective on shares of Bassett Furniture Industries, from $28.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, June 30th. Finally, BidaskClub lowered shares of Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.

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Shares of Bassett Furniture Industries, (NASDAQ:BSET) traded up 0.14% during mid-day trading on Tuesday, reaching $37.00. 669 shares of the company’s stock traded hands. The company’s 50-day moving average price is $37.61 and its 200-day moving average price is $30.95. The stock has a market capitalization of $396.79 million, a PE ratio of 22.28 and a beta of 1.09. Bassett Furniture Industries, has a 12-month low of $22.42 and a 12-month high of $40.55.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.11 dividend. This is a positive change from Bassett Furniture Industries,’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, August 9th. Bassett Furniture Industries,’s dividend payout ratio is currently 26.51%.

In other Bassett Furniture Industries, news, CEO Robert H. Spilman, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $40.16, for a total transaction of $200,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Bassett III sold 3,130 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $40.00, for a total transaction of $125,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,235 shares of company stock worth $527,509. Company insiders own 6.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BSET. Royce & Associates LP raised its stake in Bassett Furniture Industries, by 18.4% in the second quarter. Royce & Associates LP now owns 1,238,752 shares of the company’s stock worth $47,011,000 after buying an additional 192,682 shares during the period. Gamco Investors INC. ET AL raised its stake in Bassett Furniture Industries, by 6.8% in the second quarter. Gamco Investors INC. ET AL now owns 590,781 shares of the company’s stock worth $22,420,000 after buying an additional 37,816 shares during the period. Renaissance Technologies LLC raised its stake in Bassett Furniture Industries, by 1.0% in the second quarter. Renaissance Technologies LLC now owns 506,300 shares of the company’s stock worth $19,214,000 after buying an additional 5,100 shares during the period. 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 worth $13,005,000 after buying an additional 3,978 shares during the period. Finally, Gabelli Funds LLC raised its stake in Bassett Furniture Industries, by 1.3% in the first quarter. Gabelli Funds LLC now owns 216,564 shares of the company’s stock worth $5,826,000 after buying an additional 2,714 shares during the period. Institutional investors own 73.52% of the company’s stock.

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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