Bassett Furniture Industries (BSET) Releases Earnings Results, Reports EPS of $0.38 EPS

Bassett Furniture Industries (BSET) announced its most recent quarterly financial results on Thursday, Sep-29-2016. BSET reported $0.38 EPS for the quarter. Analysts had a consensus estimate of $0.38. The company posted revenue of $104.70 million in the period, compared to analysts expectations of $112.39 million. BSET’s revenue was down -5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Bassett Furniture Industries opened for trading at $24.57 and hit $25.19 on the upside on Tuesday, eventually ending the session at $25.07, with a gain of 1.79% or 0.44 points. The heightened volatility saw the trading volume jump to 23,272 shares. Company has a market cap of $273 M.

In a different news, on Aug 18, 2016, Kristina K Cashman (director) sold 3,500 shares at $25.45 per share price. According to the SEC, on Jul 6, 2016, David C Baker (SVP, Corporate Retail) purchased 410 shares at $23.95 per share price. On Jul 5, 2016, Paul Fulton (Chairman Emeritus) purchased 2,000 shares at $23.96 per share price, according to the Form-4 filing with the securities and exchange commission.

Bassett Furniture Industries Incorporated (Bassett) is a manufacturer importer and retailer of home furnishings. The Company operates in three segments: Wholesale Retail and Investments and Real Estate. The Company’s store features custom order furniture ready for delivery in less than 30 days more than 1000 upholstery fabrics free in-home design visits and decorating accessories. The Company’s range of furniture products and accessories are designed and sold through a network of 94 retail stores known as Bassett Home Furnishings (BHF). Of the 94 stores the Company owns and operates 60 stores with the other 34 being independently owned. The Company also distributes its products through other multi-line furniture stores many of which feature Bassett galleries or design centers specialty stores and mass merchants.

Bassett Furniture Industries

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