Bassett Furniture Industries (BSET) Announces Quarterly Earnings Results

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Bassett Furniture Industries (NASDAQ:BSET) announced its earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.19), MarketWatch Earnings reports. Bassett Furniture Industries had a net margin of 1.80% and a return on equity of 5.41%. The company had revenue of $116.65 million for the quarter, compared to the consensus estimate of $118.84 million.

Shares of BSET opened at $18.90 on Friday. The company has a market capitalization of $199.58 million, a PE ratio of 19.34 and a beta of 0.83. Bassett Furniture Industries has a fifty-two week low of $18.56 and a fifty-two week high of $37.42.

A number of brokerages have recently weighed in on BSET. ValuEngine lowered shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus lowered their price objective on shares of Bassett Furniture Industries from $29.00 to $21.00 and set a “hold” rating for the company in a report on Friday, September 28th. Finally, Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $21.00.

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Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States. The company operates in three segments: Wholesale, Retail, and Logistical Services. It is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings (BHF) retail stores, as well as independent furniture retailers; and wood and upholstery operations.

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Earnings History for Bassett Furniture Industries (NASDAQ:BSET)

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