What is Sidoti’s Forecast for BSET Q2 Earnings?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Sidoti reduced their Q2 2026 EPS estimates for Bassett Furniture Industries in a research note issued on Monday, April 6th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.31. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q3 2026 earnings at $0.11 EPS and FY2026 earnings at $0.90 EPS.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Wednesday, April 1st. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Bassett Furniture Industries had a net margin of 1.61% and a return on equity of 3.48%. The business had revenue of $80.34 million during the quarter, compared to analysts’ expectations of $84.38 million.

Several other brokerages have also recently weighed in on BSET. Weiss Ratings reissued a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday, January 21st. Wall Street Zen downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Zacks Research downgraded Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Bassett Furniture Industries Trading Up 2.9%

Shares of NASDAQ BSET opened at $14.32 on Tuesday. The stock has a market capitalization of $123.87 million, a price-to-earnings ratio of 23.10, a P/E/G ratio of 0.92 and a beta of 0.95. Bassett Furniture Industries has a 12-month low of $13.17 and a 12-month high of $19.75. The firm’s 50-day moving average price is $14.81 and its 200-day moving average price is $15.49.

Institutional Investors Weigh In On Bassett Furniture Industries

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Bassett Furniture Industries by 95.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock worth $25,000 after acquiring an additional 734 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Bassett Furniture Industries in the 3rd quarter worth about $29,000. Group One Trading LLC bought a new position in shares of Bassett Furniture Industries during the second quarter valued at approximately $30,000. Motiv8 Investments LLC bought a new position in shares of Bassett Furniture Industries during the fourth quarter valued at approximately $42,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Bassett Furniture Industries during the fourth quarter valued at approximately $46,000. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio (DPR) is 129.03%.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.