Sidoti Issues Pessimistic Forecast for BSET Earnings

Key Points

• Sidoti cut its Q2 2026 EPS estimate for Bassett to $0.23 (from $0.31) and now models Q3 at $0.11 and FY2026 at $0.90 per share.
• Bassett recently missed quarterly results, reporting $0.13 EPS vs. $0.17 expected and revenue of $80.34M vs. $84.38M estimated.
• The company declared a quarterly dividend of $0.20 (annualized yield ~5.7%), though its dividend payout ratio is an elevated 129%.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Analysts at Sidoti reduced their Q2 2026 EPS estimates for Bassett Furniture Industries in a note issued to investors on Monday, April 6th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.31. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.75 per share. Sidoti also issued estimates for Bassett Furniture Industries' Q3 2026 earnings at $0.11 EPS and FY2026 earnings at $0.90 EPS.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The firm had revenue of $80.34 million during the quarter, compared to analyst estimates of $84.38 million. Bassett Furniture Industries had a return on equity of 3.48% and a net margin of 1.61%.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Bassett Furniture Industries in a research report on Wednesday, January 21st. 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. Finally, Wall Street Zen downgraded shares of Bassett Furniture Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Bassett Furniture Industries Price Performance

NASDAQ:BSET opened at $14.05 on Tuesday. The company's 50-day moving average is $14.87 and its two-hundred day moving average is $15.51. Bassett Furniture Industries has a 1-year low of $13.17 and a 1-year high of $19.75. The firm has a market capitalization of $121.53 million, a price-to-earnings ratio of 22.66, a PEG ratio of 0.92 and a beta of 0.95.

Institutional Investors Weigh In On Bassett Furniture Industries

Several institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted 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 acquiring an additional 734 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Bassett Furniture Industries in the third quarter worth approximately $29,000. Group One Trading LLC acquired a new position in Bassett Furniture Industries in the second quarter worth approximately $30,000. Empowered Funds LLC grew its holdings in Bassett Furniture Industries by 7.9% during the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock valued at $437,000 after purchasing an additional 2,089 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Bassett Furniture Industries during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 54.40% of the company's stock.

Bassett Furniture Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.7%. Bassett Furniture Industries's dividend payout ratio is currently 129.03%.

About Bassett Furniture Industries

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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