Brokerages expect that Bassett Furniture Industries, Incorporated (NASDAQ:BSET) will post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bassett Furniture Industries,’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.49. Bassett Furniture Industries, reported earnings of $0.47 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that Bassett Furniture Industries, will report full-year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.76. For the next year, analysts expect that the firm will report earnings of $1.78 per share, with EPS estimates ranging from $1.74 to $1.81. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Bassett Furniture Industries,.

Bassett Furniture Industries, (NASDAQ:BSET) last issued its earnings results on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $114.30 million for the quarter, compared to the consensus estimate of $110.65 million. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.

BSET has been the topic of a number of research analyst reports. Zacks Investment Research raised Bassett Furniture Industries, from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, July 4th. ValuEngine raised Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Bassett Furniture Industries, from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Stifel Nicolaus raised their price target on Bassett Furniture Industries, from $28.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, June 30th.

Shares of Bassett Furniture Industries, (BSET) traded up 1.41% during trading on Tuesday, hitting $39.50. The stock had a trading volume of 5,820 shares. The firm has a 50 day moving average of $37.13 and a 200 day moving average of $33.78. Bassett Furniture Industries, has a 1-year low of $22.55 and a 1-year high of $41.30. The company has a market capitalization of $424.03 million, a price-to-earnings ratio of 23.07 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, November 9th. Bassett Furniture Industries,’s dividend payout ratio is currently 25.73%.

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In other news, SVP Bruce Cohenour sold 9,900 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.50, for a total transaction of $381,150.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in shares of Bassett Furniture Industries, by 0.3% during the second quarter. Northern Trust Corp now owns 124,123 shares of the company’s stock worth $4,711,000 after purchasing an additional 341 shares during the period. American International Group Inc. raised its position in Bassett Furniture Industries, by 7.0% in the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after buying an additional 414 shares during the last quarter. Rhumbline Advisers raised its position in Bassett Furniture Industries, by 4.6% in the 2nd quarter. Rhumbline Advisers now owns 12,087 shares of the company’s stock valued at $459,000 after buying an additional 530 shares during the last quarter. Prudential Financial Inc. raised its position in Bassett Furniture Industries, by 2.8% in the 1st quarter. Prudential Financial Inc. now owns 30,578 shares of the company’s stock valued at $822,000 after buying an additional 835 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Bassett Furniture Industries, by 10.9% in the 1st quarter. Nationwide Fund Advisors now owns 9,159 shares of the company’s stock valued at $246,000 after buying an additional 902 shares during the last quarter. 71.85% of the stock is currently owned by institutional investors.

Bassett Furniture Industries, Company Profile

Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.

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