Equities research analysts expect Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Rating) to report sales of $116.53 million for the current quarter, according to Zacks. Two analysts have issued estimates for Bassett Furniture Industries’ earnings, with estimates ranging from $116.00 million to $117.07 million. Bassett Furniture Industries reported sales of $124.06 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.1%. The company is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Bassett Furniture Industries will report full year sales of $464.66 million for the current fiscal year, with estimates ranging from $461.36 million to $467.96 million. For the next year, analysts expect that the firm will report sales of $473.60 million, with estimates ranging from $472.20 million to $475.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Bassett Furniture Industries.
Bassett Furniture Industries (NASDAQ:BSET – Get Rating) last issued its quarterly earnings results on Thursday, March 31st. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. Bassett Furniture Industries had a return on equity of 11.30% and a net margin of 3.99%.
Shares of BSET opened at $17.00 on Wednesday. The firm has a market capitalization of $164.22 million, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.55. The stock’s fifty day simple moving average is $17.62 and its 200 day simple moving average is $17.08. Bassett Furniture Industries has a twelve month low of $13.16 and a twelve month high of $37.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, May 12th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 28.00%.
In related news, Director William C. Warden, Jr. acquired 5,000 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were bought at an average cost of $16.17 per share, with a total value of $80,850.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BSET. SG Americas Securities LLC acquired a new stake in shares of Bassett Furniture Industries during the third quarter valued at about $130,000. Victory Capital Management Inc. grew its stake in shares of Bassett Furniture Industries by 8.0% during the third quarter. Victory Capital Management Inc. now owns 262,624 shares of the company’s stock valued at $4,756,000 after acquiring an additional 19,364 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Bassett Furniture Industries by 12.0% during the third quarter. Russell Investments Group Ltd. now owns 36,537 shares of the company’s stock valued at $660,000 after acquiring an additional 3,912 shares in the last quarter. BlackRock Inc. grew its stake in shares of Bassett Furniture Industries by 1.3% during the third quarter. BlackRock Inc. now owns 646,268 shares of the company’s stock valued at $11,703,000 after acquiring an additional 7,988 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Bassett Furniture Industries by 136.1% during the third quarter. Barclays PLC now owns 3,763 shares of the company’s stock valued at $69,000 after acquiring an additional 2,169 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors.
Bassett Furniture Industries Company Profile (Get Rating)
Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail -company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations.
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