Bassett Furniture Industries Stock News

Home furnishings firm Bassett Furniture Industries (BSET) has completed the sale of Zenith Freight Lines to J.B

Sale of Zenith Freight Lines is a big positive and will improve net cash per share. $11.90 net cash per share [including proceeds from the sale] represents 66% of the stock price.

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Gainers: Bassett Furniture Industries BSET +27%. Lordstown Motors RIDE +19%

Shares of Bassett Furniture Industries Inc (NASDAQ: BSET) are up 30% on Monday after the furniture manufacturer and retailer announced an $87 million deal with J.B. Hunt Transport Services Inc. Basset

Bassett (BSET) delivered earnings and revenue surprises of 15.56% and 12.51%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?

J.B. Hunt Transport announced Monday it entered an agreement to acquire furniture hauler Zenith Freight Lines for $87 million. The deal is expected to bolster J.B.

BABA, APPN, and BSET have been added to the Zacks Rank #5 (Strong Sell) List on January 20, 2022

Bassett Furniture Industries' (BSET) fiscal fourth-quarter earnings are likely to have been hurt by supply-related issues and intense inflation.

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.

Wall Street brokerages expect that Bassett Furniture Industries, Incorporated (NASDAQ:BSET) will post $115.85 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Bassett Furniture Industries earnings. The lowest sales estimate is $108.00 million and the highest is $123.70 million. Bassett Furniture Industries reported sales of $118.38 million during []

Wall Street brokerages expect Bassett Furniture Industries, Incorporated (NASDAQ:BSET) to announce $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Bassett Furniture Industries earnings. The lowest EPS estimate is $0.41 and the highest is $0.54. Bassett Furniture Industries posted earnings of $0.65 per share []

Royal Bank of Canada lifted its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,537 shares of the company’s stock after purchasing an additional 637 shares during the period. Royal […]

Nuveen Asset Management LLC bought a new stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,846 shares of the companys stock, valued at approximately $629,000. Other institutional investors have also made changes to their []