Bassett Furniture Industries (BSET) to Release Earnings on Wednesday

Bassett Furniture Industries (NASDAQ:BSET) will be issuing its quarterly earnings data after the market closes on Wednesday, October 9th. Analysts expect the company to announce earnings of ($0.34) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings data on Wednesday, July 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The business had revenue of $83.41 million during the quarter, compared to analyst estimates of $86.21 million. Bassett Furniture Industries had a negative return on equity of 2.30% and a negative net margin of 4.29%. On average, analysts expect Bassett Furniture Industries to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bassett Furniture Industries Stock Performance

BSET stock opened at $14.37 on Wednesday. The firm has a market cap of $126.87 million, a PE ratio of -8.31 and a beta of 1.69. Bassett Furniture Industries has a one year low of $12.10 and a one year high of $17.89. The firm’s fifty day moving average is $13.54 and its 200 day moving average is $13.90.

Bassett Furniture Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.57%. This is an increase from Bassett Furniture Industries’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 16th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -46.24%.

Insider Transactions at Bassett Furniture Industries

In related news, Director John R. Belk purchased 3,847 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $12.70 per share, for a total transaction of $48,856.90. Following the completion of the transaction, the director now directly owns 41,047 shares in the company, valued at $521,296.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have acquired 5,324 shares of company stock valued at $67,651. Corporate insiders own 7.10% of the company’s stock.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.