What is Sidoti Csr's Forecast for BSET FY2025 Earnings?

Key Points

• Sidoti Csr has raised its FY2025 earnings per share forecast for Bassett Furniture Industries to $0.82, an increase from the previous estimate of $0.78.
• Bassett Furniture reported quarterly earnings of $0.09 per share, aligning with analysts' expectations, and generated revenue of $80.10 million for the quarter.
• The company's recent quarterly dividend was $0.20, yielding an annualized dividend of 5.1% with a high dividend payout ratio of 88.89%.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Stock analysts at Sidoti Csr increased their FY2025 earnings per share (EPS) estimates for shares of Bassett Furniture Industries in a research report issued to clients and investors on Thursday, October 9th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.82 per share for the year, up from their previous forecast of $0.78. 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' Q1 2026 earnings at $0.18 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.16 EPS, FY2026 earnings at $1.23 EPS and FY2027 earnings at $1.58 EPS.

Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Bassett Furniture Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Sidoti upgraded shares of Bassett Furniture Industries to a "strong-buy" rating in a report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Bassett Furniture Industries in a report on Wednesday, October 8th. Finally, Zacks Research lowered Bassett Furniture Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Bassett Furniture Industries currently has an average rating of "Moderate Buy".

Bassett Furniture Industries Stock Down 0.4%

Shares of BSET opened at $15.55 on Monday. The stock has a market capitalization of $135.07 million, a P/E ratio of 17.28, a PEG ratio of 1.15 and a beta of 1.01. The firm has a fifty day simple moving average of $16.25 and a two-hundred day simple moving average of $16.57. Bassett Furniture Industries has a twelve month low of $13.58 and a twelve month high of $19.75.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings data on Wednesday, October 8th. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The firm had revenue of $80.10 million during the quarter, compared to analyst estimates of $79.89 million. Bassett Furniture Industries had a return on equity of 4.67% and a net margin of 2.35%.During the same quarter in the prior year, the firm posted ($0.52) earnings per share.

Bassett Furniture Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, August 15th. Bassett Furniture Industries's dividend payout ratio (DPR) is presently 88.89%.

Insider Activity at Bassett Furniture Industries

In other news, SVP John E. Bassett III sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the completion of the transaction, the senior vice president owned 50,761 shares in the company, valued at $942,124.16. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bassett Furniture Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC purchased a new position in Bassett Furniture Industries in the 2nd quarter worth approximately $30,000. Empowered Funds LLC raised its stake in shares of Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock worth $437,000 after purchasing an additional 2,089 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Bassett Furniture Industries by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company's stock worth $8,720,000 after purchasing an additional 2,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Bassett Furniture Industries in the second quarter worth $68,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Bassett Furniture Industries in the second quarter worth $83,000. Hedge funds and other institutional investors own 54.40% of the company's stock.

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.

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