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

Key Points

• Bassett Furniture will report Q1 2026 results before the market opens on Wednesday, April 1, with analysts forecasting $0.19 EPS and $84.384M in revenue; an earnings call is scheduled for April 2 at 9:00 AM ET.
• In the prior quarter the company missed EPS estimates (reported $0.23 vs. consensus $0.30) while beating revenue at $88.67M, and analysts expect about $1.00 EPS for the current and next fiscal years.
• Bassett declared a quarterly dividend of $0.20 (annualized $0.80), implying a 5.5% yield114.29%, raising questions about sustainability.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) is expected to issue its Q1 2026 results before the market opens on Wednesday, April 1st. Analysts expect the company to announce earnings of $0.19 per share and revenue of $84.3840 million for the quarter. Investors may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 2, 2026 at 9:00 AM ET.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.07). Bassett Furniture Industries had a return on equity of 3.91% and a net margin of 1.82%.The business had revenue of $88.67 million for the quarter, compared to analyst estimates of $86.90 million. 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 Price Performance

Shares of Bassett Furniture Industries stock opened at $14.43 on Wednesday. The business has a fifty day simple moving average of $15.30 and a two-hundred day simple moving average of $15.66. Bassett Furniture Industries has a 1 year low of $13.70 and a 1 year high of $19.75. The company has a market capitalization of $124.82 million, a price-to-earnings ratio of 20.61, a P/E/G ratio of 0.91 and a beta of 0.98.

Bassett Furniture Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.5%. Bassett Furniture Industries's dividend payout ratio is presently 114.29%.

Institutional Investors Weigh In On Bassett Furniture Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. bought a new stake in shares of Bassett Furniture Industries in the fourth quarter valued at about $175,000. Empowered Funds LLC increased its position in Bassett Furniture Industries by 10.1% during the fourth quarter. Empowered Funds LLC now owns 38,544 shares of the company's stock worth $646,000 after acquiring an additional 3,543 shares during the period. Bridgeway Capital Management LLC raised its stake in Bassett Furniture Industries by 10.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 91,786 shares of the company's stock worth $1,538,000 after purchasing an additional 8,743 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Bassett Furniture Industries by 95.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company's stock valued at $25,000 after purchasing an additional 734 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in Bassett Furniture Industries in the 4th quarter valued at about $172,000. Institutional investors and hedge funds own 54.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BSET. Zacks Research cut shares of Bassett Furniture Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bassett Furniture Industries in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut shares of Bassett Furniture Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold".

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Inc NASDAQ: BSET, headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett's products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.

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