Bassett Furniture Industries (NASDAQ:BSET) Receives Daily Coverage Optimism Score of 0.19

News headlines about Bassett Furniture Industries (NASDAQ:BSET) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, 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 media headlines about the company an impact score of 45.527138903847 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of BSET traded down $0.25 during midday trading on Thursday, reaching $30.05. 54,948 shares of the stock were exchanged, compared to its average volume of 44,853. Bassett Furniture Industries has a twelve month low of $26.30 and a twelve month high of $41.30. The company has a market capitalization of $326.96, a P/E ratio of 19.43 and a beta of 0.87.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Wednesday, March 28th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.19). The firm had revenue of $110.27 million for the quarter, compared to analyst estimates of $111.75 million. Bassett Furniture Industries had a return on equity of 8.10% and a net margin of 3.17%. sell-side analysts expect that Bassett Furniture Industries will post 1.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, May 10th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 27.85%.

A number of research firms have recently weighed in on BSET. BidaskClub downgraded Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Stifel Nicolaus dropped their target price on Bassett Furniture Industries from $37.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, March 29th. Finally, Zacks Investment Research raised Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Thursday, December 28th.

In related news, SVP Mark S. Jordan sold 3,400 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $30.06, for a total value of $102,204.00. Following the completion of the transaction, the senior vice president now owns 14,810 shares of the company’s stock, valued at $445,188.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is owned by insiders.

WARNING: This report was reported by BBNS and is the property of of BBNS. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://baseballnewssource.com/2018/04/05/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-bassett-furniture-industries-bset-stock-price/2027218.html.

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.

Insider Buying and Selling by Quarter for Bassett Furniture Industries (NASDAQ:BSET)

Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.