Sidoti Csr Forecasts Lower Earnings for Flexsteel Industries

Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) - Equities research analysts at Sidoti Csr reduced their Q3 2026 EPS estimates for shares of Flexsteel Industries in a research report issued on Wednesday, October 22nd. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.69 per share for the quarter, down from their prior estimate of $0.70. The consensus estimate for Flexsteel Industries' current full-year earnings is $3.53 per share. Sidoti Csr also issued estimates for Flexsteel Industries' Q3 2027 earnings at $0.90 EPS and Q4 2027 earnings at $0.97 EPS.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its earnings results on Monday, October 20th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.53. Flexsteel Industries had a net margin of 5.22% and a return on equity of 16.52%. The firm had revenue of $110.44 million during the quarter, compared to analyst estimates of $105.38 million. During the same period last year, the firm posted $0.74 earnings per share.

A number of other analysts also recently issued reports on the company. Wall Street Zen downgraded Flexsteel Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 18th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Flexsteel Industries in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Flexsteel Industries from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Flexsteel Industries Price Performance

Shares of FLXS stock opened at $36.08 on Friday. The company has a market cap of $190.14 million, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.51. Flexsteel Industries has a 1 year low of $29.38 and a 1 year high of $65.87. The stock's 50 day simple moving average is $44.55 and its two-hundred day simple moving average is $37.79.

Flexsteel Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Flexsteel Industries's dividend payout ratio (DPR) is 19.46%.

Insider Buying and Selling at Flexsteel Industries

In related news, insider Michael Joseph Mcclaflin sold 2,600 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $46.75, for a total value of $121,550.00. Following the completion of the sale, the insider owned 33,576 shares in the company, valued at approximately $1,569,678. The trade was a 7.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Flexsteel Industries

Several hedge funds have recently made changes to their positions in the company. Inspire Investing LLC bought a new position in shares of Flexsteel Industries during the 3rd quarter worth $955,000. Marion Wealth Management grew its holdings in Flexsteel Industries by 4.0% during the 3rd quarter. Marion Wealth Management now owns 33,936 shares of the company's stock worth $1,573,000 after acquiring an additional 1,295 shares in the last quarter. Lazard Asset Management LLC increased its position in Flexsteel Industries by 20.6% during the 2nd 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 during the period. Bridgeway Capital Management LLC raised its holdings in shares of Flexsteel Industries by 3.8% in the 2nd 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 in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of 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 purchasing an additional 653 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.

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