Key Details
Price
$15.08Last Dividend
$0.20Annual Revenue
$390.14 MAnnual EPS
-$0.36Annual ROE
-1.67%Beta
0.41Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 09, 2024Recent annual earnings:
Jan 25, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 15, 2024Next split:
N/ARecent split:
May 27, 1993Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
BSET has reduced its workforce to streamline operations and generate significant cost savings as part of the company's ongoing restructuring efforts.
Bassett Furniture reported weak Q3 results due to a cybersecurity incident and persisting weak industry conditions, but I believe that the factors behind the earnings make the weak Q3 understandable. The company is undergoing a restructuring plan to improve earnings by $5.5-6.5 million and looks to cut production and streamline operations by the end of Q4. The BSET stock comes with a good margin of safety in terms of the valuation, but with a still uncertain industry outlook and Bassett's uncertain earnings power, I remain neutral.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q3 2024 Earnings Conference Call October 10, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day and thank you for standing by. Welcome to Bassett Furniture Industries Q3 2024 Earnings Conference Call.
Bassett Furniture (BSET) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.30 per share a year ago.
BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend.
Bassett's third-quarter fiscal 2024 results are likely to showcase a declining demand trend amid market uncertainties and the closure of manufacturing plants.
BASSETT, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today it will host a conference call with management on Thursday, October 10, 2024, at 9:00 a.m. ET to discuss its third quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, October 9, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel.
Bassett (BSET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Challenging housing market hurt Bassett's (BSET) second-quarter fiscal 2024 results.
Bassett Furniture (BSET) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.15 per share a year ago.
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