Flexsteel Industries (FLXS) to Release Quarterly Earnings on Monday

Flexsteel Industries (NASDAQ:FLXS) will issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $100.11 million during the quarter, compared to the consensus estimate of $100.09 million. Flexsteel Industries had a return on equity of 5.13% and a net margin of 3.86%. On average, analysts expect Flexsteel Industries to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flexsteel Industries Price Performance

Shares of Flexsteel Industries stock opened at $37.61 on Friday. The company has a quick ratio of 0.90, a current ratio of 3.07 and a debt-to-equity ratio of 0.12. The company has a market cap of $193.69 million, a PE ratio of 12.97, a P/E/G ratio of 1.66 and a beta of 0.53. The business has a 50 day moving average of $36.44 and a 200 day moving average of $26.64. Flexsteel Industries has a 52 week low of $15.67 and a 52 week high of $41.64.

Flexsteel Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, March 26th were issued a $0.15 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. Flexsteel Industries’s dividend payout ratio (DPR) is 20.69%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com cut Flexsteel Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. TheStreet raised Flexsteel Industries from a “c” rating to a “b-” rating in a research note on Monday, February 5th.

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.