What is Sidoti’s Estimate for BSET FY2026 Earnings?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Investment analysts at Sidoti boosted their FY2026 earnings per share estimates for Bassett Furniture Industries in a research note issued on Thursday, October 1st. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $1.01 per share for the year, up from their previous estimate of $0.88. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.93 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q1 2027 earnings at $0.21 EPS, Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.25 EPS, Q4 2027 earnings at $0.53 EPS, FY2027 earnings at $1.39 EPS, Q1 2028 earnings at $0.25 EPS, Q2 2028 earnings at $0.48 EPS, Q3 2028 earnings at $0.33 EPS and FY2028 earnings at $1.70 EPS.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report on Saturday. Freedom Broker upgraded shares of Bassett Furniture Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Zacks Research lowered shares of Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Weiss Ratings raised shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Bassett Furniture Industries Price Performance

BSET opened at $20.94 on Monday. Bassett Furniture Industries has a 12 month low of $13.17 and a 12 month high of $22.26. The business has a 50-day moving average of $18.81 and a two-hundred day moving average of $16.96. The stock has a market capitalization of $181.15 million, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72.

Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Wednesday, September 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. Bassett Furniture Industries had a return on equity of 4.36% and a net margin of 2.02%.The firm had revenue of $82.84 million for the quarter, compared to the consensus estimate of $82.77 million.

Bassett Furniture Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 14th. This represents a $0.80 annualized dividend and a yield of 3.8%. Bassett Furniture Industries’s dividend payout ratio is currently 101.27%.

Hedge Funds Weigh In On Bassett Furniture Industries

Large investors have recently modified their holdings of the company. Aegis Financial Corp grew its holdings in shares of Bassett Furniture Industries by 4.4% during the 2nd quarter. Aegis Financial Corp now owns 550,413 shares of the company’s stock worth $9,753,000 after purchasing an additional 23,416 shares during the period. Renaissance Technologies LLC raised its holdings in Bassett Furniture Industries by 4.0% in the first quarter. Renaissance Technologies LLC now owns 304,161 shares of the company’s stock valued at $4,304,000 after buying an additional 11,700 shares during the period. BlackRock Inc. purchased a new position in Bassett Furniture Industries in the second quarter valued at approximately $3,032,000. Bank of New York Mellon Corp acquired a new position in Bassett Furniture Industries during the second quarter valued at approximately $1,274,000. Finally, Empowered Funds LLC acquired a new position in Bassett Furniture Industries during the second quarter valued at approximately $746,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company designs, manufactures, sources and markets furniture and related products for residential customers.

Bassett’s product offerings include upholstered furniture, bedroom and dining furniture, occasional tables, home office products, mattresses, outdoor furniture and home accessories. The company is known for customizable furniture programs that allow customers to select upholstery fabrics, finishes and configurations.

The company sells its products through a network of Bassett Home Furnishings retail stores, its e-commerce operations and independent furniture retailers.