Should analysts change their consensus on Bassett Furniture (USA Stocks:BSET) after the newest gain?
 | By Gabriel Shpitalnik | Macroaxis Story |
Considering an investment in Bassett Furniture Industries (BSET) requires a careful look at its financial health and market position. The company has reported an operating income loss of 3.1M, which might raise concerns about its profitability. However, with a forward dividend rate of 0.8, it still offers potential income for investors seeking dividends, suggesting some confidence in its ability to generate future cash flows.
Main Points
Bassett Furniture Industries has liabilities totaling $116.18 million and a Debt to Equity (D/E) ratio of 0.54. This D/E ratio is fairly typical when compared to other companies in the same industry.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Raphi Shpitalnik
Sit back and take a load off; Bassett Furniture Industries might need to do the same. With a net income from continuing operations showing a loss of $3.2 million, investors are understandably curious about whether confidence in the company is on the rise or on shaky ground. As the company continues to navigate the household durables market, many are questioning if this is a temporary setback or a sign of more significant challenges. The operating margin sitting at -0.04 also doesn't paint a rosy picture, prompting further scrutiny from analysts. Will the analyst consensus on Bassett Furniture shift from a Strong Sell? The company is set to release its earnings today, with the next fiscal year ending on January 23, 2025. As more millennials show interest in household durables, it's worth considering whether Bassett Furniture could be a valuable addition to your portfolio. We'll explore why the company might still achieve above-average margins despite the current economic climate. Presently, no analysts have rated the stock, but the consensus stands at Strong Sell.What is the right price you would pay to acquire a share of Bassett Furniture? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated. Please read more on our stock advisor page.
What is happening with Bassett Furniture Industries this year
Annual and quarterly reports issued by Bassett Furniture Industries are formal financial statements that are published yearly and quarterly and sent to Bassett stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.
Companies such as Bassett Furniture often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.
Bassett Furniture Gross Profit
Bassett Furniture Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Bassett Furniture previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Bassett Furniture Gross Profit growth over the last 10 years. Please check Bassett Furniture's gross profit and other fundamental indicators for more details.
What is driving Bassett Furniture Investor Appetite?
Analysts have increased confidence in Bassett Furniture as compared to a month ago. The current consensus of 1 analysts is Strong Sell.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Bassett Furniture Industries. Please refer to our Terms of Use for any information regarding our disclosure principles.