Sidoti Has Negative Forecast for BSET Q1 Earnings

Key Points

• Sidoti lowered its Q1 2027 EPS estimate for Bassett Furniture Industries to $0.23 from $0.26; analysts’ full-year consensus remains $0.89 per share.
• Bassett recently reported quarterly EPS of $0.24, beating expectations of $0.20, while revenue of $83.75 million also exceeded estimates.
• The stock opened at $18.18, and analysts maintain a “Moderate Buy” consensus. The company pays a quarterly dividend of $0.20, equating to an annualized yield of about 4.4%.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Equities researchers at Sidoti dropped their Q1 2027 earnings per share estimates for shares of Bassett Furniture Industries in a research report issued to clients and investors on Monday, September 28th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.26. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.89 per share.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Bassett Furniture Industries had a return on equity of 3.56% and a net margin of 1.65%.The firm had revenue of $83.75 million during the quarter, compared to the consensus estimate of $83.32 million. During the same period in the prior year, the business posted $0.22 earnings per share.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Bassett Furniture Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 7th. Wall Street Zen upgraded shares of Bassett Furniture Industries from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Finally, Weiss Ratings upgraded shares of Bassett Furniture Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Bassett Furniture Industries Stock Down 0.5%

Shares of NASDAQ:BSET opened at $18.18 on Tuesday. The business's 50 day moving average is $18.88 and its 200 day moving average is $16.78. Bassett Furniture Industries has a 12-month low of $13.17 and a 12-month high of $22.26. The stock has a market cap of $157.44 million, a price-to-earnings ratio of 28.41, a PEG ratio of 1.28 and a beta of 0.77.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Bassett Furniture Industries during the 2nd quarter valued at $59,000. Aegis Financial Corp raised its stake in shares of Bassett Furniture Industries by 4.4% during the 2nd quarter. Aegis Financial Corp now owns 550,413 shares of the company's stock worth $9,753,000 after purchasing an additional 23,416 shares during the period. Empowered Funds LLC purchased a new position in shares of Bassett Furniture Industries in the 2nd quarter worth about $746,000. Bank of America Corp DE purchased a new position in shares of Bassett Furniture Industries in the 2nd quarter worth about $246,000. Finally, Hsbc Holdings PLC bought a new position in Bassett Furniture Industries during the second quarter valued at about $485,000. Institutional investors own 54.40% of the company's stock.

Bassett Furniture Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, August 14th. Bassett Furniture Industries's dividend payout ratio (DPR) is 125.00%.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company built its heritage in wooden furniture and has expanded into a broader range of residential furnishings.

Bassett designs, manufactures, sources and sells products including upholstered furniture, bedroom and dining furniture, occasional tables, home office furnishings, mattresses, rugs, lighting and decorative accessories. Its offerings are marketed under the Bassett brand, with an emphasis on coordinated room collections, customization and design services.

The company serves consumers primarily in the United States through company-owned and licensed Bassett Home Furnishings stores, its website and other retail channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.