Sidoti Csr Issues Optimistic Forecast for BSET Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Research analysts at Sidoti Csr raised their FY2025 EPS estimates for Bassett Furniture Industries in a research note issued on Monday, June 30th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.88 for the year, up from their previous estimate of $0.70. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.19. Bassett Furniture Industries had a negative return on equity of 0.68% and a negative net margin of 2.04%. The business had revenue of $82.16 million during the quarter, compared to analyst estimates of $79.71 million. During the same period in the prior year, the company posted ($0.14) EPS.

Bassett Furniture Industries Price Performance

Shares of Bassett Furniture Industries stock opened at $17.04 on Wednesday. Bassett Furniture Industries has a 1-year low of $12.11 and a 1-year high of $19.67. The business’s fifty day moving average price is $16.47 and its two-hundred day moving average price is $15.55. The company has a market capitalization of $148.26 million, a P/E ratio of -22.72, a PEG ratio of 1.11 and a beta of 1.19.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in Bassett Furniture Industries by 97.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company’s stock valued at $379,000 after buying an additional 12,258 shares during the period. Jane Street Group LLC boosted its holdings in shares of Bassett Furniture Industries by 87.9% in the first quarter. Jane Street Group LLC now owns 21,454 shares of the company’s stock valued at $327,000 after acquiring an additional 10,037 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company’s stock valued at $437,000 after acquiring an additional 2,089 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Bassett Furniture Industries by 0.4% during the first quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company’s stock valued at $8,720,000 after acquiring an additional 2,200 shares during the period. Finally, Truffle Hound Capital LLC raised its holdings in Bassett Furniture Industries by 49.3% during the first quarter. Truffle Hound Capital LLC now owns 298,520 shares of the company’s stock worth $4,552,000 after purchasing an additional 98,520 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Company Profile

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.