Sidoti Csr Cuts Earnings Estimates for Flexsteel Industries

Key Points

• Sidoti Csr has cut earnings estimates for Flexsteel Industries' Q2 2026 EPS from $0.89 to $0.56, significantly lowering expectations for the company's earnings performance.
• According to the latest quarterly results, Flexsteel Industries reported $1.40 EPS, surpassing analysts' estimates of $0.84, indicating robust performance compared to previous quarters.
• The company is currently rated as a "Strong Buy" by several analysts, suggesting positive market sentiment despite the recent revision in earnings forecasts.

Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) - Equities researchers at Sidoti Csr reduced their Q2 2026 EPS estimates for shares of Flexsteel Industries in a research report issued on Tuesday, October 14th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will earn $0.56 per share for the quarter, down from their prior forecast of $0.89. The consensus estimate for Flexsteel Industries' current full-year earnings is $3.53 per share. Sidoti Csr also issued estimates for Flexsteel Industries' Q3 2026 earnings at $0.70 EPS, Q4 2026 earnings at $0.97 EPS, FY2026 earnings at $3.00 EPS, Q1 2027 earnings at $0.74 EPS, Q2 2027 earnings at $0.92 EPS, Q3 2027 earnings at $1.00 EPS, Q4 2027 earnings at $1.10 EPS and FY2027 earnings at $3.75 EPS.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.56. Flexsteel Industries had a net margin of 4.57% and a return on equity of 14.74%. The company had revenue of $114.61 million for the quarter, compared to analysts' expectations of $111.93 million. During the same quarter in the previous year, the firm posted $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS.

Several other research analysts also recently weighed in on the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of Flexsteel Industries in a research note on Wednesday, October 8th. Zacks Research raised shares of Flexsteel Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Finally, Wall Street Zen upgraded shares of Flexsteel Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Flexsteel Industries currently has an average rating of "Strong Buy".

Flexsteel Industries Price Performance

NASDAQ:FLXS opened at $40.57 on Friday. The company has a market capitalization of $213.80 million, a P/E ratio of 11.46, a P/E/G ratio of 0.89 and a beta of 0.51. The business has a fifty day simple moving average of $44.35 and a two-hundred day simple moving average of $37.73. Flexsteel Industries has a 1 year low of $29.38 and a 1 year high of $65.87.

Institutional Trading of Flexsteel Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Investing LLC bought a new stake in shares of Flexsteel Industries during the 3rd quarter valued at about $955,000. Marion Wealth Management raised its stake in Flexsteel Industries by 4.0% in the third quarter. Marion Wealth Management now owns 33,936 shares of the company's stock valued at $1,573,000 after purchasing an additional 1,295 shares in the last quarter. Lazard Asset Management LLC raised its stake in Flexsteel Industries by 20.6% in the second quarter. Lazard Asset Management LLC now owns 9,932 shares of the company's stock valued at $357,000 after purchasing an additional 1,697 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in Flexsteel Industries by 3.8% during the second quarter. Bridgeway Capital Management LLC now owns 63,106 shares of the company's stock valued at $2,274,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Flexsteel Industries by 8.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,972 shares of the company's stock worth $287,000 after buying an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 36.27% of the company's stock.

Insider Transactions at Flexsteel Industries

In other news, insider Michael Joseph Mcclaflin sold 2,600 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $46.75, for a total value of $121,550.00. Following the transaction, the insider owned 33,576 shares of the company's stock, valued at approximately $1,569,678. This represents a 7.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.60% of the stock is owned by corporate insiders.

Flexsteel Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.80 annualized dividend and a yield of 2.0%. Flexsteel Industries's dividend payout ratio is currently 22.60%.

Flexsteel Industries Company Profile

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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