Bassett Furniture Industries (NASDAQ:BSET) Issues Earnings Results, Misses Estimates By $0.18 EPS

Posted by Kim Johansen on Oct 11th, 2024

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.18), Yahoo Finance reports. The firm had revenue of $75.62 million for the quarter, compared to analyst estimates of $78.63 million. Bassett Furniture Industries had a negative return on equity of 3.40% and a negative net margin of 5.00%. During the same quarter last year, the firm posted ($0.30) EPS.

Bassett Furniture Industries Stock Down 5.1 %

NASDAQ BSET opened at $13.95 on Friday. The business has a 50 day moving average price of $13.70 and a 200 day moving average price of $13.89. Bassett Furniture Industries has a 1-year low of $12.10 and a 1-year high of $17.89.

Insiders Place Their Bets

In other Bassett Furniture Industries news, Director John R. Belk bought 3,847 shares of the business’s stock in a transaction on Monday, August 12th. The stock was bought at an average price of $12.70 per share, for a total transaction of $48,856.90. Following the completion of the transaction, the director now owns 41,047 shares in the company, valued at approximately $521,296.90. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have bought 5,324 shares of company stock worth $67,651. 7.10% of the stock is owned by corporate insiders.

Bassett Furniture Industries Company Profile

(Get Free Report)

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.