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

Bassett Furniture Industries (NASDAQ:BSET) released its earnings results on Wednesday. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33, Zacks reports. Bassett Furniture Industries had a negative return on equity of 3.47% and a negative net margin of 5.00%.

Bassett Furniture Industries Stock Performance

Shares of BSET stock opened at $14.19 on Thursday. The stock has a fifty day moving average price of $14.24 and a 200 day moving average price of $14.02. The stock has a market cap of $124.89 million, a PE ratio of -7.28, a P/E/G ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a 1 year low of $12.10 and a 1 year high of $16.15.

Bassett Furniture Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio is currently -41.03%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

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.