Bassett Furniture Industries (NASDAQ:BSET) issued its earnings results on Thursday. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06), RTT News reports. Bassett Furniture Industries had a net margin of 4.01% and a return on equity of 9.73%. The firm had revenue of $118.23 million during the quarter, compared to the consensus estimate of $118.22 million. During the same period in the previous year, the company posted $0.47 EPS.
Shares of Bassett Furniture Industries (BSET) opened at $35.55 on Friday. Bassett Furniture Industries has a 12-month low of $24.90 and a 12-month high of $41.30. The stock has a market cap of $390.77, a price-to-earnings ratio of 20.79 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 8th. Bassett Furniture Industries’s dividend payout ratio is 25.73%.
Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Zacks Investment Research raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, December 28th. ValuEngine downgraded shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $39.00 price objective (up previously from $36.00) on shares of Bassett Furniture Industries in a research report on Saturday, September 30th.
Bassett Furniture Industries Company Profile
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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