Sidoti Csr Issues Optimistic Estimate for FLXS Earnings

Key Points

• Sidoti Csr increased their Q2 2026 earnings per share (EPS) estimate for Flexsteel Industries to $0.89, slightly above the previous forecast of $0.88, with a full-year earnings consensus now projecting $3.53 per share.
• Flexsteel reported $1.40 EPS for the latest quarter, surpassing the consensus estimate of $0.84 by $0.56, accompanied by revenue of $114.61 million, exceeding expectations.
• The company recently boosted its quarterly dividend from $0.17 to $0.20 per share, reflecting confidence in its financial performance and providing a dividend yield of 1.9%.

Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) - Sidoti Csr upped their Q2 2026 earnings per share (EPS) estimates for shares of Flexsteel Industries in a report released on Wednesday, August 20th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.89 for the quarter, up from their previous forecast of $0.88. 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 $1.08 EPS, Q4 2026 earnings at $1.11 EPS, Q1 2027 earnings at $0.88 EPS, Q2 2027 earnings at $1.03 EPS, Q3 2027 earnings at $1.17 EPS, Q4 2027 earnings at $1.22 EPS and FY2027 earnings at $4.29 EPS.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued its earnings results on Monday, August 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $0.84 by $0.56. Flexsteel Industries had a return on equity of 14.96% and a net margin of 4.57%.The business had revenue of $114.61 million during the quarter, compared to the consensus estimate of $111.93 million. During the same quarter last year, the company earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS.

Separately, Wall Street Zen cut Flexsteel Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th.

Flexsteel Industries Stock Up 5.5%

Shares of NASDAQ FLXS opened at $42.19 on Friday. The business has a 50-day simple moving average of $36.62 and a two-hundred day simple moving average of $37.40. Flexsteel Industries has a 52 week low of $29.38 and a 52 week high of $65.87. The company has a market cap of $222.47 million, a P/E ratio of 11.92, a P/E/G ratio of 0.91 and a beta of 0.32.

Flexsteel Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.20 per share. This is a boost from Flexsteel Industries's previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Flexsteel Industries's dividend payout ratio is currently 22.60%.

Hedge Funds Weigh In On Flexsteel Industries

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG bought a new position in shares of Flexsteel Industries during the 4th quarter valued at about $181,000. Nuveen Asset Management LLC boosted its holdings in Flexsteel Industries by 274.7% during the 4th quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company's stock valued at $1,261,000 after acquiring an additional 17,010 shares during the period. Bank of America Corp DE boosted its holdings in Flexsteel Industries by 40.3% during the 4th quarter. Bank of America Corp DE now owns 4,843 shares of the company's stock valued at $263,000 after acquiring an additional 1,392 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Flexsteel Industries by 223.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,686 shares of the company's stock valued at $200,000 after acquiring an additional 2,546 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Flexsteel Industries by 4,864.0% during the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock valued at $45,000 after acquiring an additional 1,216 shares during the period. 36.27% of the stock is currently owned by 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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