Bassett Furniture Industries (NASDAQ:BSET) Releases Quarterly Earnings Results

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Bassett Furniture Industries (NASDAQ:BSET) posted its quarterly earnings results on Wednesday. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.20, MarketWatch Earnings reports. Bassett Furniture Industries had a negative net margin of 5.80% and a negative return on equity of 0.63%.

Shares of BSET stock opened at $23.35 on Friday. Bassett Furniture Industries has a 12 month low of $4.25 and a 12 month high of $23.52. The company has a market cap of $232.94 million, a P/E ratio of -10.57, a PEG ratio of 0.89 and a beta of 1.56. The firm has a fifty day moving average price of $19.87 and a 200 day moving average price of $14.58.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.14%. Bassett Furniture Industries’s payout ratio is currently 111.11%.

A number of brokerages recently commented on BSET. Sidoti boosted their target price on shares of Bassett Furniture Industries from $23.00 to $26.00 in a research note on Thursday, January 14th. TheStreet upgraded shares of Bassett Furniture Industries from a “d+” rating to a “c-” rating in a research note on Thursday.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings 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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