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

Bassett Furniture Industries (NASDAQ:BSET) is expected to be releasing its earnings data after the market closes 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. 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 Trading Down 0.3 %

Shares of BSET stock opened at $15.71 on Monday. The business’s fifty day simple moving average is $15.04 and its 200-day simple moving average is $14.60. Bassett Furniture Industries has a 12-month low of $12.11 and a 12-month high of $16.20. The company has a market cap of $138.06 million, a PE ratio of -14.28, a PEG ratio of 1.29 and a beta of 1.62.

Bassett Furniture Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 5.09%. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently -72.73%.

Analyst Ratings Changes

Separately, StockNews.com raised Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report 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.