Q1 Earnings Forecast for FLXS Issued By Sidoti Csr

Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) - Analysts at Sidoti Csr issued their Q1 2027 earnings per share estimates for shares of Flexsteel Industries in a research note issued on Tuesday, April 22nd. Sidoti Csr analyst A. Lebiedzinski anticipates that the company will earn $0.81 per share for the quarter. The consensus estimate for Flexsteel Industries' current full-year earnings is $3.53 per share. Sidoti Csr also issued estimates for Flexsteel Industries' Q2 2027 earnings at $0.95 EPS, Q3 2027 earnings at $1.12 EPS and FY2027 earnings at $4.00 EPS.

Flexsteel Industries Trading Up 12.3 %

Shares of NASDAQ:FLXS opened at $35.85 on Wednesday. The stock has a 50 day moving average of $39.46 and a 200 day moving average of $49.27. The company has a market cap of $188.89 million, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23. Flexsteel Industries has a 12-month low of $28.81 and a 12-month high of $65.87.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.25. The firm had revenue of $113.97 million for the quarter, compared to analysts' expectations of $112.24 million. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%.

Flexsteel Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, March 26th. Flexsteel Industries's dividend payout ratio is presently 26.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Flexsteel Industries by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,219 shares of the company's stock worth $556,000 after purchasing an additional 226 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Flexsteel Industries by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 95,508 shares of the company's stock valued at $5,191,000 after buying an additional 253 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Flexsteel Industries by 1.5% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 17,406 shares of the company's stock valued at $946,000 after buying an additional 265 shares during the period. Marion Wealth Management grew its stake in Flexsteel Industries by 1.2% in the 1st quarter. Marion Wealth Management now owns 32,048 shares of the company's stock worth $1,170,000 after acquiring an additional 388 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Flexsteel Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,109 shares of the company's stock worth $767,000 after acquiring an additional 557 shares during the period. Hedge funds and other institutional investors own 36.27% of the company's stock.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.