Bassett Furniture Industries (NASDAQ:BSET) Issues Quarterly Earnings Results

Posted by Renee Jackson on Apr 2nd, 2025

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.19, Zacks reports. Bassett Furniture Industries had a negative net margin of 2.94% and a negative return on equity of 2.44%. During the same period in the prior year, the firm posted ($0.14) EPS.

Bassett Furniture Industries Stock Performance

Shares of NASDAQ:BSET traded up $0.46 during midday trading on Wednesday, reaching $15.62. 30,482 shares of the company’s stock traded hands, compared to its average volume of 17,215. The company has a market cap of $137.27 million, a P/E ratio of -14.20, a PEG ratio of 1.29 and a beta of 1.35. The company has a fifty day simple moving average of $15.09 and a two-hundred day simple moving average of $14.62. Bassett Furniture Industries has a 1 year low of $12.11 and a 1 year high of $16.85.

Bassett Furniture Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, May 16th. Bassett Furniture Industries’s payout ratio is -72.73%.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Bassett Furniture Industries

Bassett Furniture Industries Company Profile

(Get Free Report)

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.