Q1 Earnings Estimate for FLXS Issued By Sidoti Csr

Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) - Research analysts at Sidoti Csr issued their Q1 2027 earnings per share estimates for shares of Flexsteel Industries in a research note issued to investors on Tuesday, April 22nd. Sidoti Csr analyst A. Lebiedzinski anticipates that the company will earn $0.81 per share for the quarter. The consensus estimate for Flexsteel Industries' current full-year earnings is $3.53 per share. Sidoti Csr also issued estimates for Flexsteel Industries' Q2 2027 earnings at $0.95 EPS, Q3 2027 earnings at $1.12 EPS and FY2027 earnings at $4.00 EPS.

Flexsteel Industries Price Performance

Shares of Flexsteel Industries stock traded down $0.77 during trading on Wednesday, reaching $32.13. 7,034 shares of the company traded hands, compared to its average volume of 30,357. The firm has a market capitalization of $169.41 million, a PE ratio of 9.04, a P/E/G ratio of 1.14 and a beta of 0.23. The company has a 50 day moving average price of $38.42 and a 200-day moving average price of $49.14. Flexsteel Industries has a 1-year low of $28.81 and a 1-year high of $65.87.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.25. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. The firm had revenue of $113.97 million for the quarter, compared to analyst estimates of $112.24 million.

Flexsteel Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 26th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.68 annualized dividend and a dividend yield of 2.12%. Flexsteel Industries's payout ratio is presently 26.77%.

Hedge Funds Weigh In On Flexsteel Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Flexsteel Industries by 4,864.0% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock worth $45,000 after purchasing an additional 1,216 shares in the last quarter. State of Wyoming bought a new position in shares of Flexsteel Industries in the fourth quarter worth about $52,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Flexsteel Industries during the fourth quarter valued at about $70,000. SG Americas Securities LLC purchased a new position in shares of Flexsteel Industries in the 4th quarter worth $106,000. Finally, Wells Fargo & Company MN raised its stake in shares of Flexsteel Industries by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock valued at $149,000 after acquiring an additional 620 shares during the period. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

About Flexsteel Industries

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.