News stories about Bassett Furniture Industries (NASDAQ:BSET) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bassett Furniture Industries earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.527138903847 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Bassett Announces Board Appointment (finance.yahoo.com)
- Zacks: Bassett Furniture Industries Inc. (BSET) Given $37.00 Average Price Target by Brokerages (americanbankingnews.com)
- Form 8-K BASSETT FURNITURE INDUST For: Mar 08 (streetinsider.com)
- Bassett Furniture Industries Inc. (BSET) to Issue Quarterly Dividend of $0.11 (americanbankingnews.com)
- Zacks: Analysts Set $37.00 Price Target for Bassett Furniture Industries Inc. (BSET) (americanbankingnews.com)
A number of research analysts recently issued reports on BSET shares. ValuEngine lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of Bassett Furniture Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Finally, Zacks Investment Research lowered shares of Bassett Furniture Industries from a “buy” rating to a “strong sell” rating in a report on Tuesday, January 23rd.
Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Friday, January 19th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). Bassett Furniture Industries had a return on equity of 9.00% and a net margin of 4.03%. The firm had revenue of $118.23 million for the quarter, compared to the consensus estimate of $118.22 million. During the same quarter in the previous year, the business posted $0.47 EPS. equities analysts forecast that Bassett Furniture Industries will post 1.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.44 annualized dividend and a yield of 1.31%. Bassett Furniture Industries’s payout ratio is 25.88%.
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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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