Bassett Furniture Industries (BSET) Projected to Post Quarterly Earnings on Wednesday

Bassett Furniture Industries (NASDAQ:BSET) will likely be posting its quarterly earnings results before the market opens on Wednesday, April 2nd. Analysts expect Bassett Furniture Industries to post earnings of $0.02 per share and revenue of $79.71 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. On average, analysts expect Bassett Furniture Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bassett Furniture Industries Price Performance

Shares of Bassett Furniture Industries stock opened at $15.19 on Wednesday. The firm has a market cap of $133.49 million, a price-to-earnings ratio of -13.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. The stock’s 50-day moving average is $14.94 and its 200-day moving average is $14.55. Bassett Furniture Industries has a one year low of $12.11 and a one year high of $16.20.

Bassett Furniture Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Friday, May 16th. Bassett Furniture Industries’s payout ratio is -72.73%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

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.