Q1 EPS Estimates for Flexsteel Industries Boosted by Sidoti

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Equities researchers at Sidoti increased their Q1 2027 earnings estimates for Flexsteel Industries in a research note issued to investors on Tuesday, August 18th. Sidoti analyst A. Lebiedzinski now expects that the company will earn $1.25 per share for the quarter, up from their previous estimate of $1.11. The consensus estimate for Flexsteel Industries’ current full-year earnings is $5.05 per share. Sidoti also issued estimates for Flexsteel Industries’ FY2027 earnings at $5.19 EPS, Q1 2028 earnings at $1.42 EPS and FY2028 earnings at $5.89 EPS.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings data on Monday, August 17th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.24. The firm had revenue of $115.37 million during the quarter, compared to analysts’ expectations of $109.51 million. Flexsteel Industries had a return on equity of 16.10% and a net margin of 6.79%.

A number of other brokerages have also weighed in on FLXS. Wall Street Zen lowered shares of Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Zacks Research lowered shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Flexsteel Industries in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Flexsteel Industries Price Performance

Shares of NASDAQ FLXS opened at $77.16 on Wednesday. The stock has a market capitalization of $413.58 million, a P/E ratio of 12.43, a PEG ratio of 1.22 and a beta of 0.56. Flexsteel Industries has a one year low of $34.00 and a one year high of $88.49. The firm’s 50 day simple moving average is $71.73 and its two-hundred day simple moving average is $58.30.

Flexsteel Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, June 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. This is an increase from Flexsteel Industries’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, June 24th. Flexsteel Industries’s dividend payout ratio (DPR) is presently 18.12%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Flexsteel Industries in the first quarter worth $221,000. Jones Financial Companies Lllp increased its position in shares of Flexsteel Industries by 5,214.0% during the first quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $97,000 after acquiring an additional 2,607 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Flexsteel Industries by 7.0% in the first quarter. Empowered Funds LLC now owns 24,749 shares of the company’s stock worth $904,000 after purchasing an additional 1,622 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Flexsteel Industries by 4.1% during the second quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock valued at $423,000 after purchasing an additional 467 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Flexsteel Industries by 7.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company’s stock worth $1,041,000 after buying an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc (NASDAQ: FLXS) is a U.S.-based furniture manufacturer specializing in the design, production, and marketing of residential upholstered furniture and wood casegoods. The company operates through two primary segments: Upholstery, which encompasses seating products such as sofas, loveseats, chairs, recliners, and sectionals; and Casegoods, which includes accent and occasional tables, cabinets, bookcases, and other wood-based furnishings. Flexsteel sells its products through a network of independent retailers, furniture stores, and distributors across North America.

Flexsteel’s upholstery segment is distinguished by its patented Blue Steel Spring® technology, which offers enhanced longevity and comfort by replacing conventional webbing and springs with a welded steel seat suspension.