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

Bassett Furniture Industries (NASDAQ:BSET) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Bassett Furniture Industries to post earnings of $0.05 per share and revenue of $82,895.50 billion for the quarter.

Bassett Furniture Industries Stock Performance

Bassett Furniture Industries stock opened at $13.86 on Wednesday. Bassett Furniture Industries has a twelve month low of $12.10 and a twelve month high of $16.50. The stock’s fifty day simple moving average is $14.33 and its 200-day simple moving average is $14.00. The firm has a market capitalization of $121.97 million, a P/E ratio of -7.11, a P/E/G ratio of 1.08 and a beta of 1.69.

Bassett Furniture Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio is currently -41.03%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

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.