Bassett Furniture Industries (BSET) to Release 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. Parties interested in participating in the company’s conference call can do so using this link.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, beating 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 Stock Down 0.3 %

Shares of BSET opened at $15.71 on Monday. The stock has a market cap of $138.06 million, a PE ratio of -14.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.62. Bassett Furniture Industries has a 52-week low of $12.11 and a 52-week high of $16.20. The firm’s fifty day moving average is $15.04 and its two-hundred day moving average is $14.60.

Bassett Furniture Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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.

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.