Bassett Furniture Industries (BSET) Expected to Announce Earnings on Thursday

Bassett Furniture Industries (NASDAQ:BSET) is projected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Bassett Furniture Industries to post earnings of $0.05 per share and revenue of $82,895.50 billion for the quarter.

Bassett Furniture Industries Price Performance

NASDAQ BSET opened at $13.86 on Wednesday. The stock has a market capitalization of $121.97 million, a P/E ratio of -7.11, a P/E/G ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a 52-week low of $12.10 and a 52-week high of $16.50. The firm has a 50-day moving average price of $14.33 and a 200 day moving average price of $14.00.

Bassett Furniture Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 5.77%. Bassett Furniture Industries’s dividend payout ratio is currently -41.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

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.