Sidoti Increases Earnings Estimates for Flexsteel Industries

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Investment analysts at Sidoti lifted their Q2 2027 earnings per share (EPS) estimates for shares of Flexsteel Industries in a research report issued to clients and investors on Tuesday, October 27th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $1.40 for the quarter, up from their previous 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.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, October 26th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.01. The business had revenue of $113.97 million for the quarter, compared to the consensus estimate of $112.70 million.

A number of other equities research analysts also recently weighed in on FLXS. Weiss Ratings upgraded shares of Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Freedom Broker lifted their price target on shares of Flexsteel Industries from $80.00 to $86.00 and gave the company a “hold” rating in a report 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Flexsteel Industries presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Flexsteel Industries Price Performance

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

Flexsteel Industries Dividend Announcement

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

Insider Transactions at Flexsteel Industries

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. bought a new stake in shares of Flexsteel Industries during the 3rd quarter worth $6,824,000. BlackRock Inc. purchased a new position in shares of Flexsteel Industries in the 2nd quarter worth about $20,589,000. Janney Montgomery Scott LLC grew its position in Flexsteel Industries by 97.5% during the first quarter. Janney Montgomery Scott LLC now owns 29,207 shares of the company’s stock valued at $1,313,000 after buying an additional 14,417 shares during the period. Illumine Investment Management LLC bought a new position in Flexsteel Industries during the first quarter valued at about $774,000. Finally, Walleye Capital LLC bought a new position in Flexsteel Industries during the first quarter valued at about $1,359,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

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

Flexsteel Industries Company Profile

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.