Q1 EPS Forecast for Flexsteel Industries Boosted by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Research analysts at Sidoti increased their Q1 2027 earnings estimates for shares of Flexsteel Industries in a 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 prior 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 earnings results on Monday, August 17th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.09 by $0.24. Flexsteel Industries had a net margin of 6.79% and a return on equity of 16.10%. The firm had revenue of $115.37 million for the quarter, compared to analysts’ expectations of $109.51 million.

Several other research analysts have also recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Flexsteel Industries in a research report on Friday, July 17th. Zacks Research cut Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen downgraded shares of Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Flexsteel Industries Stock Up 8.9%

FLXS stock opened at $77.16 on Wednesday. The firm has a market cap of $413.58 million, a PE ratio of 12.43, a P/E/G ratio of 1.22 and a beta of 0.56. The business has a 50 day moving average of $71.73 and a 200-day moving average of $58.30. Flexsteel Industries has a 12-month low of $34.00 and a 12-month high of $88.49.

Hedge Funds Weigh In On Flexsteel Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in shares of Flexsteel Industries in the second quarter valued at $25,000. IFP Advisors Inc boosted its holdings in Flexsteel Industries by 2,200.0% in the 3rd quarter. IFP Advisors Inc now owns 621 shares of the company’s stock worth $29,000 after buying an additional 594 shares during the period. State of Alaska Department of Revenue purchased a new position in Flexsteel Industries in the 4th quarter valued at approximately $38,000. BNP Paribas Financial Markets grew its stake in Flexsteel Industries by 149.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock valued at $45,000 after buying an additional 582 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in Flexsteel Industries during the 4th quarter valued at $49,000. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries Increases Dividend

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

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.