Sidoti Csr Has Negative Forecast for BSET Q1 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Analysts at Sidoti Csr decreased their Q1 2025 earnings per share estimates for shares of Bassett Furniture Industries in a research report issued on Friday, January 31st. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.03. 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’ Q2 2025 earnings at $0.19 EPS, FY2025 earnings at $0.75 EPS and FY2026 earnings at $1.33 EPS.

Separately, StockNews.com upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

Bassett Furniture Industries Price Performance

BSET opened at $13.95 on Monday. Bassett Furniture Industries has a 12 month low of $12.10 and a 12 month high of $15.96. The stock has a market cap of $122.76 million, a P/E ratio of -12.68, a P/E/G ratio of 1.21 and a beta of 1.67. The stock’s 50 day moving average price is $14.21 and its 200 day moving average price is $14.03.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Wednesday, January 29th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.42% and a negative net margin of 2.94%.

Hedge Funds Weigh In On Bassett Furniture Industries

Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Bassett Furniture Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 26,554 shares of the company’s stock valued at $367,000 after purchasing an additional 1,135 shares during the period. FourThought Financial Partners LLC bought a new stake in shares of Bassett Furniture Industries during the 4th quarter worth $180,000. Finally, Barclays PLC boosted its stake in shares of Bassett Furniture Industries by 51.9% during the 3rd quarter. Barclays PLC now owns 10,124 shares of the company’s stock worth $146,000 after acquiring an additional 3,459 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.

Bassett Furniture Industries Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

About Bassett Furniture Industries

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.