Flexsteel Industries (NASDAQ:FLXS) Announces Earnings Results

Flexsteel Industries (NASDAQ:FLXS) released its quarterly earnings data on Monday. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.01, Zacks reports. The business had revenue of $113.97 million for the quarter, compared to analyst estimates of $112.70 million.

Flexsteel Industries Trading Up 7.6%

Shares of FLXS opened at $72.53 on Wednesday. Flexsteel Industries has a 52-week low of $34.00 and a 52-week high of $90.64. The firm has a 50-day moving average price of $83.22 and a 200 day moving average price of $63.18.

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 12th. Investors of record on Wednesday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 30th.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Michael McClaflin sold 2,500 shares of Flexsteel Industries stock in a transaction on Monday, August 31st. The shares were sold at an average price of $79.57, for a total value of $198,925.00. Following the transaction, the insider owned 36,026 shares in the company, valued at $2,866,588.82. This trade represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Stacy Kammes sold 2,750 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $82.66, for a total transaction of $227,315.00. Following the completion of the sale, the vice president owned 33,306 shares in the company, valued at $2,753,073.96. This represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 28,914 shares of company stock valued at $2,350,392. 11.20% of the stock is currently owned by insiders.

Flexsteel Industries News Roundup

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.