Flexsteel Industries, Inc. (NASDAQ:FLXS) to Post FY2024 Earnings of $2.09 Per Share, Sidoti Csr Forecasts

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Investment analysts at Sidoti Csr lifted their FY2024 earnings estimates for shares of Flexsteel Industries in a report issued on Tuesday, April 30th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $2.09 for the year, up from their prior forecast of $1.95. The consensus estimate for Flexsteel Industries’ current full-year earnings is $1.95 per share. Sidoti Csr also issued estimates for Flexsteel Industries’ Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.93 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.84 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.42 EPS.

FLXS has been the topic of several other reports. StockNews.com upgraded shares of Flexsteel Industries from a “hold” rating to a “buy” rating in a report on Tuesday. TheStreet upgraded shares of Flexsteel Industries from a “c” rating to a “b-” rating in a report on Monday, February 5th.

Flexsteel Industries Trading Up 8.8 %

Shares of FLXS stock opened at $35.85 on Wednesday. The company has a current ratio of 3.07, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Flexsteel Industries has a twelve month low of $15.67 and a twelve month high of $41.64. The company’s 50-day moving average price is $36.57 and its 200-day moving average price is $27.03. The stock has a market cap of $184.63 million, a price-to-earnings ratio of 12.15, a PEG ratio of 1.67 and a beta of 0.53.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, February 5th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $100.11 million for the quarter, compared to analyst estimates of $100.09 million. Flexsteel Industries had a return on equity of 6.57% and a net margin of 3.87%.

Hedge Funds Weigh In On Flexsteel Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new stake in shares of Flexsteel Industries during the third quarter worth approximately $40,000. Denali Advisors LLC purchased a new position in Flexsteel Industries in the first quarter worth approximately $127,000. Victory Capital Management Inc. acquired a new position in Flexsteel Industries during the 4th quarter worth approximately $92,000. Weitzel Financial Services Inc. purchased a new stake in shares of Flexsteel Industries in the 1st quarter valued at approximately $264,000. Finally, Marion Wealth Management raised its holdings in shares of Flexsteel Industries by 7.1% in the 1st quarter. Marion Wealth Management now owns 29,837 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,979 shares in the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, March 26th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, March 25th. Flexsteel Industries’s dividend payout ratio (DPR) is currently 20.34%.

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.