News articles about Flexsteel Industries (NASDAQ:FLXS) have trended somewhat positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flexsteel Industries earned a media sentiment score of 0.09 on AlphaOne’s scale. AlphaOne also gave media coverage about the company an impact score of 92 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- Flexsteel Industries, Inc. (FLXS) Issues Quarterly Earnings Results (americanbankingnews.com)
- Flexsteel posts 3Q profit (cnbc.com)
- Flexsteel Reports Third Quarter Results (businesswire.com)
- BRIEF-Flexsteel Q3 earnings per share $0.96 (FLXS) (markets.businessinsider.com)
- Flexsteel Industries : posts 3Q profit (4-traders.com)
Flexsteel Industries (NASDAQ:FLXS) traded down 2.43% on Friday, hitting $51.44. 40,510 shares of the stock traded hands. The stock has a 50-day moving average price of $49.82 and a 200 day moving average price of $51.92. Flexsteel Industries has a 12-month low of $37.93 and a 12-month high of $62.99. The stock has a market cap of $401.03 million, a P/E ratio of 17.27 and a beta of 1.84.
Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Thursday, April 20th. The company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.15. The business had revenue of $120.75 million for the quarter. Flexsteel Industries had a return on equity of 10.23% and a net margin of 4.86%. On average, equities analysts expect that Flexsteel Industries will post $3.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Wednesday, March 15th. Flexsteel Industries’s dividend payout ratio (DPR) is 27.03%.
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In related news, VP Timothy E. Hall sold 14,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $51.35, for a total transaction of $733,175.30. Following the completion of the transaction, the vice president now owns 40,270 shares in the company, valued at $2,067,864.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary C. Bottie sold 4,250 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $50.88, for a total transaction of $216,240.00. Following the transaction, the director now owns 9,861 shares of the company’s stock, valued at approximately $501,727.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,005 shares of company stock valued at $973,919. Corporate insiders own 6.60% of the company’s stock.
Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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