Flexsteel Industries (NASDAQ:FLXS - Get Free Report) announced its quarterly earnings results on Monday. The company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.56, Zacks reports. The company had revenue of $114.61 million for the quarter, compared to analysts' expectations of $111.93 million. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.96%. During the same period last year, the firm posted $0.75 earnings per share. Flexsteel Industries updated its Q1 2026 guidance to EPS.
Flexsteel Industries Stock Up 4.2%
Shares of NASDAQ:FLXS traded up $1.78 during midday trading on Friday, reaching $43.97. 46,827 shares of the company were exchanged, compared to its average volume of 26,503. Flexsteel Industries has a fifty-two week low of $29.38 and a fifty-two week high of $65.87. The stock has a fifty day simple moving average of $36.91 and a two-hundred day simple moving average of $37.12. The firm has a market cap of $231.72 million, a PE ratio of 12.42, a P/E/G ratio of 0.96 and a beta of 0.32.
Flexsteel Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Wednesday, June 25th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 25th. This is a positive change from Flexsteel Industries's previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Flexsteel Industries's dividend payout ratio (DPR) is 22.60%.
Institutional Investors Weigh In On Flexsteel Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in FLXS. AQR Capital Management LLC acquired a new stake in shares of Flexsteel Industries during the first quarter worth $221,000. Jones Financial Companies Lllp raised its holdings in shares of Flexsteel Industries by 5,214.0% during the first quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company's stock worth $97,000 after acquiring an additional 2,607 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Flexsteel Industries by 3.8% during the second quarter. Bridgeway Capital Management LLC now owns 63,106 shares of the company's stock worth $2,274,000 after acquiring an additional 2,298 shares during the period. Qube Research & Technologies Ltd increased its stake in Flexsteel Industries by 7.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company's stock valued at $1,041,000 after buying an additional 1,881 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Flexsteel Industries by 20.6% in the 2nd quarter. Lazard Asset Management LLC now owns 9,932 shares of the company's stock valued at $357,000 after buying an additional 1,697 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Flexsteel Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th.
Check Out Our Latest Research Report on FLXS
About Flexsteel Industries
(
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Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.
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