Bassett Furniture Industries (NASDAQ:BSET) announced its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06), RTT News reports. Bassett Furniture Industries had a net margin of 4.01% and a return on equity of 9.73%. The firm had revenue of $118.23 million for the quarter, compared to analyst estimates of $118.22 million. During the same quarter in the previous year, the company earned $0.47 EPS.

Bassett Furniture Industries (BSET) opened at $35.55 on Friday. The company has a market capitalization of $381.64, a P/E ratio of 20.79 and a beta of 1.05. Bassett Furniture Industries has a fifty-two week low of $24.90 and a fifty-two week high of $41.30.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 8th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 25.73%.

Several analysts have issued reports on BSET shares. ValuEngine cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Thursday, December 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $39.00 target price (up from $36.00) on shares of Bassett Furniture Industries in a report on Saturday, September 30th.

In other news, insider Jay R. Hervey sold 650 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $39.19, for a total transaction of $25,473.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.40% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Bassett Furniture Industries (BSET) Announces Quarterly Earnings Results” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2018/01/19/bassett-furniture-industries-bset-announces-quarterly-earnings-results.html.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.

Earnings History for Bassett Furniture Industries (NASDAQ:BSET)

Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.