Sidoti Csr Issues Negative Estimate for BSET Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Sidoti Csr lowered their Q1 2025 earnings per share estimates for shares of Bassett Furniture Industries in a research report issued on Friday, January 31st. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.02 per share for the quarter, down from their prior estimate of $0.03. 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' Q2 2025 earnings at $0.19 EPS, FY2025 earnings at $0.75 EPS and FY2026 earnings at $1.33 EPS.

Separately, StockNews.com upgraded shares of 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 %

BSET stock traded down $0.14 during trading on Monday, hitting $13.96. 12,316 shares of the stock traded hands, compared to its average volume of 16,688. The stock has a market cap of $122.86 million, a price-to-earnings ratio of -12.69, a P/E/G ratio of 1.21 and a beta of 1.67. Bassett Furniture Industries has a one year low of $12.10 and a one year high of $15.96. The company has a 50 day simple moving average of $14.16 and a 200 day simple moving average of $14.03.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.42% and a negative net margin of 2.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its stake in shares of Bassett Furniture Industries by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 25,419 shares of the company's stock valued at $367,000 after buying an additional 1,206 shares during the period. Barclays PLC boosted its holdings in Bassett Furniture Industries by 51.9% in the third quarter. Barclays PLC now owns 10,124 shares of the company's stock valued at $146,000 after acquiring an additional 3,459 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in Bassett Furniture Industries in the fourth quarter worth about $180,000. Institutional investors and hedge funds own 54.40% of the company's stock.

Bassett Furniture Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.73%. Bassett Furniture Industries's dividend payout ratio (DPR) is presently -72.73%.

Bassett Furniture Industries Company Profile

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.