Bassett Furniture Industries (BSET) Announces Quarterly Earnings Results
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%.
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.
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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.
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