News coverage about Bassett Furniture Industries (NASDAQ:BSET) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bassett Furniture Industries earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.233243122593 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
BSET has been the topic of several recent research reports. Zacks Investment Research downgraded Bassett Furniture Industries from a “buy” rating to a “strong sell” rating in a report on Tuesday, January 23rd. ValuEngine downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th.
Shares of Bassett Furniture Industries (NASDAQ:BSET) opened at $33.90 on Friday. Bassett Furniture Industries has a 1-year low of $24.90 and a 1-year high of $41.30. The firm has a market capitalization of $357.92, a PE ratio of 19.94 and a beta of 0.84.
Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings results on Friday, January 19th. The company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). Bassett Furniture Industries had a return on equity of 9.00% and a net margin of 4.03%. The company had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $118.22 million. During the same quarter last year, the company earned $0.47 EPS. analysts forecast that Bassett Furniture Industries will post 1.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a $0.11 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.30%. Bassett Furniture Industries’s payout ratio is currently 25.88%.
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About Bassett Furniture Industries
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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