Bassett Furniture Industries (NASDAQ:BSET) Releases Earnings Results, Beats Estimates By $0.11 EPS

by · The Cerbat Gem

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11, Zacks reports. The firm had revenue of $82.84 million for the quarter, compared to the consensus estimate of $82.77 million. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%.

Bassett Furniture Industries Trading Down 3.2%

Bassett Furniture Industries stock traded down $0.58 during midday trading on Wednesday, reaching $17.47. The stock had a trading volume of 61,642 shares, compared to its average volume of 37,872. Bassett Furniture Industries has a 12 month low of $13.17 and a 12 month high of $22.26. The company has a market capitalization of $151.29 million, a P/E ratio of 27.30, a PEG ratio of 1.28 and a beta of 0.77. The company has a fifty day moving average price of $18.82 and a two-hundred day moving average price of $16.80.

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, August 14th. Bassett Furniture Industries’s payout ratio is presently 125.00%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BSET shares. Zacks Research cut Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings raised Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded Bassett Furniture Industries from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on BSET

Key Stories Impacting Bassett Furniture Industries

Here are the key news stories impacting Bassett Furniture Industries this week:

  • Positive Sentiment: Bassett reported fiscal third-quarter earnings of $0.24 per share, exceeding analysts’ consensus estimate of $0.13 by $0.11. The company posted a 3.56% return on equity and a 1.65% net margin. Bassett Reports Fiscal Third Quarter Results
  • Neutral Sentiment: The earnings release provides the company’s fiscal third-quarter results for the period ended August 29, 2026. While the reported EPS beat is supportive, investors may focus on the limited profitability reflected in Bassett’s relatively low net margin. Bassett Reports Fiscal Third Quarter Results
  • Negative Sentiment: Sidoti lowered its Q4 2026 EPS forecast to $0.40 from $0.45, its FY2026 estimate to $0.88 from $0.93, and its FY2027 estimate to $1.59 from $1.62. The firm also cut its Q1 2027 forecast to $0.23 from $0.26, indicating weaker expected earnings momentum. Sidoti Issues Pessimistic Outlook for BSET Earnings

About Bassett Furniture Industries

(Get Free Report)

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company built its heritage in wooden furniture and has expanded into a broader range of residential furnishings.

Bassett designs, manufactures, sources and sells products including upholstered furniture, bedroom and dining furniture, occasional tables, home office furnishings, mattresses, rugs, lighting and decorative accessories. Its offerings are marketed under the Bassett brand, with an emphasis on coordinated room collections, customization and design services.

The company serves consumers primarily in the United States through company-owned and licensed Bassett Home Furnishings stores, its website and other retail channels.

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