Bassett Furniture Industries (BSET) Projected to Post Earnings on Wednesday

Bassett Furniture Industries (NASDAQ:BSET) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, April 2nd. Analysts expect the company to announce earnings of $0.02 per share and revenue of $79.71 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. 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 Trading Down 2.9 %

NASDAQ:BSET opened at $15.25 on Tuesday. Bassett Furniture Industries has a 1 year low of $12.11 and a 1 year high of $16.20. The stock has a 50-day moving average price of $15.06 and a two-hundred day moving average price of $14.61. The stock has a market cap of $134.02 million, a price-to-earnings ratio of -13.86, a PEG ratio of 1.29 and a beta of 1.62.

Bassett Furniture Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.80 annualized dividend and a dividend yield of 5.25%. Bassett Furniture Industries’s dividend payout ratio is presently -72.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

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.