Sidoti Csr Has Pessimistic Outlook of BSET Q2 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Investment analysts at Sidoti Csr cut their Q2 2025 earnings per share (EPS) estimates for Bassett Furniture Industries in a report issued on Monday, March 31st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.19. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.75 per share. Sidoti Csr also issued estimates for Bassett Furniture Industries' Q3 2025 earnings at $0.20 EPS and FY2025 earnings at $0.70 EPS.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.19. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. The company had revenue of $82.16 million during the quarter, compared to analysts' expectations of $79.71 million. During the same quarter in the prior year, the company posted ($0.14) EPS.

Separately, StockNews.com upgraded Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.

Bassett Furniture Industries Trading Down 1.0 %

NASDAQ:BSET traded down $0.16 during mid-day trading on Tuesday, hitting $15.22. The company's stock had a trading volume of 18,074 shares, compared to its average volume of 17,365. The company has a market capitalization of $133.75 million, a price-to-earnings ratio of -13.84, a P/E/G ratio of 1.29 and a beta of 1.35. 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 fifty day moving average of $15.17 and a 200-day moving average of $14.65.

Bassett Furniture Industries Dividend Announcement

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 issued a dividend of $0.20 per share. The ex-dividend date is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.26%. Bassett Furniture Industries's payout ratio is presently -72.73%.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of hedge funds have recently made changes to their positions in BSET. Gate City Capital Management LLC grew its stake in Bassett Furniture Industries by 59.7% during the fourth quarter. Gate City Capital Management LLC now owns 147,527 shares of the company's stock worth $2,040,000 after buying an additional 55,130 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Bassett Furniture Industries in the 4th quarter worth approximately $158,000. Aristides Capital LLC grew its position in Bassett Furniture Industries by 16.0% during the 4th quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after acquiring an additional 5,935 shares during the last quarter. Truffle Hound Capital LLC acquired a new stake in Bassett Furniture Industries during the 4th quarter valued at $2,766,000. Finally, FourThought Financial Partners LLC acquired a new stake in Bassett Furniture Industries during the 4th quarter valued at $180,000. Institutional investors and hedge funds own 54.40% of the company's stock.

About Bassett Furniture Industries

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.