Bassett Furniture Industries (NASDAQ:BSET) Posts Quarterly Earnings Results, Beats Expectations By $0.33 EPS

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

Bassett Furniture Industries Stock Up 1.7 %

BSET traded up $0.24 during midday trading on Wednesday, reaching $14.19. 30,751 shares of the company’s stock were exchanged, compared to its average volume of 10,878. The firm has a market capitalization of $124.89 million, a price-to-earnings ratio of -7.28, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a one year low of $12.10 and a one year high of $16.15. The business has a 50-day simple moving average of $14.24 and a two-hundred day simple moving average of $14.02.

Bassett Furniture Industries Announces Dividend

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

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.