Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.18), Yahoo Finance reports. The firm had revenue of $75.62 million during the quarter, compared to analyst estimates of $78.63 million. Bassett Furniture Industries had a negative return on equity of 3.40% and a negative net margin of 5.00%. During the same quarter in the previous year, the business earned ($0.30) earnings per share.
Bassett Furniture Industries Stock Performance
BSET opened at $13.95 on Friday. The stock has a fifty day moving average of $13.70 and a 200-day moving average of $13.89. Bassett Furniture Industries has a 12-month low of $12.10 and a 12-month high of $17.89.
Insider Activity
In other Bassett Furniture Industries news, Director John R. Belk acquired 3,847 shares of Bassett Furniture Industries stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $12.70 per share, with a total value of $48,856.90. Following the purchase, the director now owns 41,047 shares in the company, valued at approximately $521,296.90. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have acquired 5,324 shares of company stock worth $67,651. 7.10% of the stock is owned by corporate insiders.
About Bassett Furniture Industries
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.
See Also
- Five stocks we like better than Bassett Furniture Industries
- 3 Ways To Invest In Coffee, Other Than Drinking It
- S&P 500 Hits Record Highs: 3 Stocks With Huge Growth Potential
- Financial Services Stocks Investing
- AbbVie Stock Eyes New Highs: Analysts See Strong Growth Potential
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- AZZ Stock Gains Momentum: Analysts Forecast 25% Upside From Here
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.
