Analysts Set Expectations for Bassett Furniture Industries, Incorporated's Q3 2024 Earnings (NASDAQ:BSET)

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Analysts at Sidoti Csr dropped their Q3 2024 earnings per share (EPS) estimates for Bassett Furniture Industries in a research note issued to investors on Thursday, April 4th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.16 per share for the quarter, down from their previous forecast of $0.22. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.75 per share. Sidoti Csr also issued estimates for Bassett Furniture Industries' Q4 2024 earnings at $0.41 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.68 EPS and FY2025 earnings at $1.47 EPS.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.21. Bassett Furniture Industries had a negative net margin of 1.57% and a negative return on equity of 0.64%. The business had revenue of $94.70 million during the quarter, compared to analyst estimates of $90.61 million.

Separately, StockNews.com raised shares of Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research report on Friday, March 29th.

Bassett Furniture Industries Price Performance

Shares of NASDAQ BSET traded down $0.12 during mid-day trading on Friday, reaching $14.18. 8,037 shares of the company's stock traded hands, compared to its average volume of 17,511. The business has a 50-day simple moving average of $15.24 and a 200 day simple moving average of $15.54. The stock has a market cap of $124.94 million, a P/E ratio of -21.16, a PEG ratio of 1.20 and a beta of 1.71. Bassett Furniture Industries has a 1-year low of $13.30 and a 1-year high of $17.89.

Bassett Furniture Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Thursday, May 16th. Bassett Furniture Industries's dividend payout ratio (DPR) is presently -107.46%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Inspire Advisors LLC boosted its holdings in shares of Bassett Furniture Industries by 24.6% in the 3rd quarter. Inspire Advisors LLC now owns 18,418 shares of the company's stock worth $270,000 after buying an additional 3,641 shares during the last quarter. Barclays PLC raised its position in Bassett Furniture Industries by 42.6% in the third quarter. Barclays PLC now owns 9,502 shares of the company's stock worth $140,000 after acquiring an additional 2,837 shares during the period. Janney Montgomery Scott LLC boosted its stake in Bassett Furniture Industries by 177.4% in the third quarter. Janney Montgomery Scott LLC now owns 44,842 shares of the company's stock valued at $657,000 after acquiring an additional 28,679 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Bassett Furniture Industries by 1.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 598,277 shares of the company's stock valued at $8,765,000 after acquiring an additional 9,172 shares during the period. Finally, Koss Olinger Consulting LLC increased its stake in shares of Bassett Furniture Industries by 21.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 17,250 shares of the company's stock worth $253,000 after purchasing an additional 2,993 shares during the last quarter. 54.40% of the stock is owned by institutional investors.

Bassett Furniture Industries Company Profile

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.