Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.19, Zacks reports. The firm had revenue of $82.16 million during the quarter, compared to analyst estimates of $79.71 million. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. During the same quarter last year, the business posted ($0.14) EPS.
Bassett Furniture Industries Price Performance
BSET traded down $0.16 during trading on Friday, reaching $15.22. 18,074 shares of the stock traded hands, compared to its average volume of 17,328. The stock's 50-day simple moving average is $15.17 and its two-hundred day simple moving average is $14.65. Bassett Furniture Industries has a fifty-two week low of $12.11 and a fifty-two week high of $16.20. The stock has a market cap of $133.75 million, a price-to-earnings ratio of -13.84, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.
Bassett Furniture Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.80 annualized dividend and a yield of 5.26%. Bassett Furniture Industries's dividend payout ratio is presently -72.73%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Bassett Furniture Industries from a "hold" rating to a "buy" rating in a report on Friday, January 31st.
Read Our Latest Stock Report on BSET
About Bassett Furniture Industries
(
Get Free Report)
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.
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