Equities research analysts predict that Bassett Furniture Industries Inc. (NASDAQ:BSET) will report earnings per share (EPS) of ($0.55) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bassett Furniture Industries’ earnings, with the lowest EPS estimate coming in at ($0.70) and the highest estimate coming in at ($0.39). Bassett Furniture Industries posted earnings per share of $0.04 during the same quarter last year, which suggests a negative year-over-year growth rate of 1,475%. The business is scheduled to announce its next earnings report on Tuesday, July 7th.

According to Zacks, analysts expect that Bassett Furniture Industries will report full year earnings of ($0.61) per share for the current fiscal year, with EPS estimates ranging from ($0.72) to ($0.49). For the next year, analysts expect that the business will report earnings of $0.66 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Bassett Furniture Industries.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings results on Thursday, April 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.10. Bassett Furniture Industries had a negative net margin of 0.30% and a positive return on equity of 2.51%. The company had revenue of $112.12 million during the quarter, compared to the consensus estimate of $112.95 million.

A number of brokerages recently weighed in on BSET. Stifel Nicolaus cut their price objective on shares of Bassett Furniture Industries from $15.00 to $5.00 and set a “hold” rating on the stock in a research note on Friday, April 3rd. ValuEngine upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Finally, Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, March 24th.

Shares of BSET opened at $5.37 on Thursday. Bassett Furniture Industries has a 1 year low of $4.25 and a 1 year high of $18.24. The company has a market cap of $61.49 million, a price-to-earnings ratio of -38.36 and a beta of 1.51. The firm has a fifty day moving average of $5.75 and a 200-day moving average of $11.59.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 9.31%. The ex-dividend date is Thursday, May 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 111.11%.

In other Bassett Furniture Industries news, CEO Robert H. Spilman, Jr. purchased 8,890 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of $9.71 per share, for a total transaction of $86,321.90. Also, Director William C. Warden, Jr. purchased 5,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was acquired at an average price of $5.03 per share, for a total transaction of $25,150.00. Following the completion of the transaction, the director now owns 40,355 shares of the company’s stock, valued at approximately $202,985.65. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 66,890 shares of company stock worth $455,122. 5.90% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP acquired a new stake in Bassett Furniture Industries during the 1st quarter worth about $83,000. Squarepoint Ops LLC raised its holdings in Bassett Furniture Industries by 36.8% during the 1st quarter. Squarepoint Ops LLC now owns 19,969 shares of the company’s stock worth $109,000 after buying an additional 5,367 shares during the period. Wells Fargo & Company MN raised its holdings in Bassett Furniture Industries by 32.7% during the 1st quarter. Wells Fargo & Company MN now owns 23,787 shares of the company’s stock worth $129,000 after buying an additional 5,865 shares during the period. WINTON GROUP Ltd raised its holdings in Bassett Furniture Industries by 8.8% during the 1st quarter. WINTON GROUP Ltd now owns 24,302 shares of the company’s stock worth $132,000 after buying an additional 1,963 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in Bassett Furniture Industries by 17.2% during the 4th quarter. Meeder Asset Management Inc. now owns 10,266 shares of the company’s stock worth $170,000 after buying an additional 1,509 shares during the period. Hedge funds and other institutional investors own 69.59% of the company’s stock.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings retail stores, as well as independent furniture retailers; and wood and upholstery operations.

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