Q2 EPS Estimate for Flexsteel Industries Raised by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Investment analysts at Sidoti upped their Q2 2027 earnings estimates for shares of Flexsteel Industries in a research note issued on Tuesday, October 27th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $1.40 per share for the quarter, up from their prior estimate of $1.30. The consensus estimate for Flexsteel Industries’ current full-year earnings is $5.29 per share. Sidoti also issued estimates for Flexsteel Industries’ Q3 2027 earnings at $1.35 EPS, FY2027 earnings at $5.40 EPS, Q1 2028 earnings at $1.47 EPS, Q2 2028 earnings at $1.65 EPS, Q3 2028 earnings at $1.56 EPS, Q4 2028 earnings at $1.56 EPS and FY2028 earnings at $6.25 EPS.

A number of other research firms also recently weighed in on FLXS. Weiss Ratings upgraded Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Freedom Broker upped their target price on Flexsteel Industries from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday. Freedom Capital cut shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Zacks Research raised shares of Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Flexsteel Industries presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Flexsteel Industries Trading Down 18.4%

FLXS opened at $67.39 on Wednesday. The stock has a 50-day moving average price of $83.22 and a 200-day moving average price of $63.18. Flexsteel Industries has a 12-month low of $34.00 and a 12-month high of $90.64.

Flexsteel Industries (NASDAQ:FLXS) last released its earnings results on Monday, October 26th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. The firm had revenue of $113.97 million during the quarter, compared to the consensus estimate of $112.70 million.

Flexsteel Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 12th. Investors of record on Wednesday, September 30th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 annualized dividend and a yield of 1.5%.

Insider Buying and Selling

In related news, Director William S. Creekmuir sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $81.03, for a total transaction of $81,030.00. Following the transaction, the director owned 19,226 shares in the company, valued at $1,557,882.78. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Crimmins sold 4,494 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $80.91, for a total value of $363,609.54. Following the transaction, the insider owned 30,194 shares of the company’s stock, valued at approximately $2,442,996.54. This represents a 12.96% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 28,914 shares of company stock worth $2,350,392. 11.20% of the stock is owned by company insiders.

Institutional Trading of Flexsteel Industries

A number of large investors have recently made changes to their positions in the stock. Lakewood Asset Management LLC bought a new stake in Flexsteel Industries in the 3rd quarter worth approximately $379,000. Signaturefd LLC bought a new stake in shares of Flexsteel Industries during the 3rd quarter valued at about $25,000. Sowell Financial Services LLC bought a new stake in shares of Flexsteel Industries during the 3rd quarter valued at about $2,581,000. Pinnacle Associates Ltd. bought a new stake in shares of Flexsteel Industries during the 3rd quarter valued at about $299,000. Finally, IFP Advisors Inc increased its position in shares of Flexsteel Industries by 18.9% during the 3rd quarter. IFP Advisors Inc now owns 3,629 shares of the company’s stock valued at $307,000 after purchasing an additional 577 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting Flexsteel Industries

Here are the key news stories impacting Flexsteel Industries this week:

• Positive Sentiment: Flexsteel reported fiscal Q1 revenue of approximately $114.0 million, up 3.2% year over year and ahead of the $112.7 million consensus estimate. EPS of $1.24 also edged above the $1.23 consensus estimate. Flexsteel fiscal first-quarter results
• Positive Sentiment: Sidoti raised its EPS forecasts across multiple periods, including fiscal 2027 to $5.40 from $5.29 and fiscal 2028 to $6.25 from $6.05. Quarterly estimates were also increased, most notably fiscal Q2 2028 to $1.65 from $1.54, suggesting improving expectations for future profitability.
• Positive Sentiment: Freedom Broker raised its price target to $86 from $80, implying meaningful upside from the referenced price, although it maintained a “hold” rating. Freedom Broker price target update
• Neutral Sentiment: Management highlighted continued sales and order growth driven by strategic initiatives. However, the earnings call characterized the outlook as growth amid ongoing operational pressure. Flexsteel Q1 2027 earnings call transcript
• Negative Sentiment: Although results exceeded the MarketBeat consensus, EPS declined from $1.31 a year earlier. Reports attributed the weaker profitability to cost pressure and margin contraction, which may explain why investors remain cautious despite the revenue beat. Flexsteel Q1 earnings margin report

About Flexsteel Industries

Flexsteel Industries, Inc is a furniture company that designs, manufactures, imports and markets residential furniture. Based in Dubuque, Iowa, the company serves the U.S. home furnishings market through retail furniture stores, national and regional chains, interior designers and online channels.

The company’s product offerings include upholstered seating such as sofas, sectionals, chairs and recliners, along with motion furniture, dining and bedroom furniture, occasional tables and home office products.