Bassett Furniture Industries (NASDAQ:BSET) Posts Earnings Results, Misses Expectations By $0.06 EPS

Bassett Furniture Industries (NASDAQ:BSET) issued its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06), FiscalAI reports. Bassett Furniture Industries had a return on equity of 3.91% and a net margin of 1.82%.The firm had revenue of $80.34 million during the quarter, compared to analyst estimates of $84.38 million.

Bassett Furniture Industries Stock Up 0.3%

Shares of BSET traded up $0.04 during midday trading on Wednesday, reaching $14.19. The company had a trading volume of 40,728 shares, compared to its average volume of 23,791. Bassett Furniture Industries has a 1-year low of $13.70 and a 1-year high of $19.75. The firm has a 50 day simple moving average of $15.04 and a 200-day simple moving average of $15.57. The stock has a market cap of $122.74 million, a PE ratio of 20.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98.

Bassett Furniture Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BSET. Wall Street Zen lowered Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bassett Furniture Industries in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in Bassett Furniture Industries by 5.8% during the fourth quarter. State Street Corp now owns 119,643 shares of the company’s stock worth $2,005,000 after purchasing an additional 6,558 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Bassett Furniture Industries by 12.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 79,434 shares of the company’s stock valued at $1,207,000 after purchasing an additional 8,747 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Bassett Furniture Industries by 7.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 50,981 shares of the company’s stock valued at $854,000 after buying an additional 3,595 shares during the period. Empowered Funds LLC increased its holdings in shares of Bassett Furniture Industries by 10.1% during the 4th quarter. Empowered Funds LLC now owns 38,544 shares of the company’s stock worth $646,000 after buying an additional 3,543 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Bassett Furniture Industries during the 4th quarter worth approximately $175,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

More Bassett Furniture Industries News

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

• Positive Sentiment: Sidoti raised its Q1 2027 EPS estimate (now $0.26 vs prior $0.25), showing at least one analyst sees stronger mid‑term earnings potential for the company. MarketBeat Coverage
• Neutral Sentiment: Company filed its formal Q1 press release with detailed results and metrics (EPS, revenue, margins, ROE). Use the release for primary financial detail and management commentary. Press Release PDF
• Neutral Sentiment: Pre‑ and post‑earnings preview/coverage appeared across financial sites summarizing expectations and the released results; these help frame consensus views but don’t add new fundamentals. Yahoo Preview
• Negative Sentiment: Q1 EPS of $0.13 missed several estimates (Zacks ~$0.17, other consensus ~$0.19) and fell from $0.21 a year ago; revenue of $80.34M also missed expectations (~$84.4M). Those misses and the slimmer net margin (1.82%) are the main drivers of downward pressure. Zacks: Earnings & Revenue Miss
• Negative Sentiment: Analyst model updates ahead of the print included cuts to near‑term and full‑year forecasts (Sidoti trimmed FY2026 and some quarterly estimates), which amplifies negative sentiment after the miss. MarketBeat: Analyst Estimates
• Negative Sentiment: News coverage highlighted the miss and reported shares slipping on the results, signaling short‑term investor selling. Investing.com: Shares Slip

About Bassett Furniture Industries

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.