Sidoti Issues Optimistic Forecast for FLXS Earnings

Key Points

• Sidoti raised its earnings forecasts for Flexsteel Industries, including Q2 FY2027 EPS to $1.30 from $1.20 and FY2027 EPS to $5.29. Its FY2028 estimate is $6.05.
• Flexsteel’s latest quarterly results beat expectations, with EPS of $1.33 versus the $1.09 consensus and revenue of $115.37 million versus $109.51 million.
• Despite the improved outlook, analyst sentiment remains cautious: the stock carries a consensus “Hold” rating, while inflation, tariffs and uneven consumer demand remain risks. The company also increased its quarterly dividend to $0.25 per share.

Flexsteel Industries, Inc. (NASDAQ:FLXS - Free Report) - Sidoti raised their Q2 2027 earnings per share (EPS) estimates for shares of Flexsteel Industries in a research report issued to clients and investors on Wednesday, August 19th. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $1.30 per share for the quarter, up from their prior forecast of $1.20. The consensus estimate for Flexsteel Industries' current full-year earnings is $5.19 per share. Sidoti also issued estimates for Flexsteel Industries' Q4 2027 earnings at $1.40 EPS, FY2027 earnings at $5.29 EPS, Q1 2028 earnings at $1.43 EPS, Q2 2028 earnings at $1.54 EPS, Q3 2028 earnings at $1.53 EPS, Q4 2028 earnings at $1.55 EPS and FY2028 earnings at $6.05 EPS.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Flexsteel Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded shares of Flexsteel Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Flexsteel Industries in a report on Friday, July 17th. Finally, Freedom Capital downgraded Flexsteel Industries from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Flexsteel Industries Trading Up 1.3%

Shares of FLXS opened at $78.17 on Thursday. Flexsteel Industries has a 12 month low of $34.00 and a 12 month high of $88.49. The firm has a fifty day simple moving average of $72.13 and a 200 day simple moving average of $58.57. The stock has a market capitalization of $418.68 million, a price-to-earnings ratio of 12.59, a PEG ratio of 1.24 and a beta of 0.56.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last posted its quarterly earnings data on Monday, August 17th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.24. The company had revenue of $115.37 million for the quarter, compared to the consensus estimate of $109.51 million. Flexsteel Industries had a net margin of 7.21% and a return on equity of 15.09%.

Institutional Trading of Flexsteel Industries

Several institutional investors and hedge funds have recently bought and sold shares of FLXS. Mariner LLC bought a new position in shares of Flexsteel Industries during the 4th quarter worth approximately $46,099,000. BlackRock Inc. bought a new stake in Flexsteel Industries in the 2nd quarter valued at $20,589,000. Vanguard Group Inc. lifted its holdings in Flexsteel Industries by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 225,855 shares of the company's stock valued at $10,468,000 after purchasing an additional 708 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Flexsteel Industries by 7.9% during the 1st quarter. Renaissance Technologies LLC now owns 142,200 shares of the company's stock valued at $6,390,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in Flexsteel Industries by 0.6% during the first quarter. Punch & Associates Investment Management Inc. now owns 91,525 shares of the company's stock worth $4,113,000 after purchasing an additional 545 shares during the period. Institutional investors own 36.27% of the company's stock.

Flexsteel Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, June 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. This is a boost from Flexsteel Industries's previous quarterly dividend of $0.20. Flexsteel Industries's dividend payout ratio (DPR) is presently 16.10%.

Key Headlines Impacting Flexsteel Industries

Here are the key news stories impacting Flexsteel Industries this week:

• Positive Sentiment: Broad upward EPS revisions: Sidoti increased its FY2027 EPS forecast to $5.29 from $5.19 and its FY2028 forecast to $6.05 from $5.89. The firm also raised estimates for several quarters, including Q2 FY2027 to $1.30 from $1.20 and Q2 FY2028 to $1.54 from $1.47. These revisions may support the stock by signaling stronger expected profitability. Flexsteel Industries analyst estimates
• Positive Sentiment: Recent results exceeded expectations: Flexsteel’s latest quarterly report showed earnings of $1.33 per share versus the $1.09 consensus estimate, while revenue of $115.37 million surpassed the $109.51 million forecast. The earnings beat likely contributed to the improved analyst outlook.
• Positive Sentiment: Margin-protection initiatives: Management is using pricing and cost actions to offset inflation and other cost pressures. Flexsteel also expects fiscal first-quarter sales of $111 million to $115 million and an operating margin of 6.5% to 7.0% as it exits the ready-to-assemble business. Zacks earnings call analysis
• Neutral Sentiment: Execution remains important: The company enters fiscal 2027 with expected sales growth but an uneven demand environment. Investors will monitor whether pricing, cost reductions and the business exit can sustain margins.
• Negative Sentiment: Macro risks persist: Inflation, tariffs and inconsistent consumer demand could pressure sales and profitability if cost increases cannot be fully passed to customers. These concerns temper the otherwise bullish impact of Sidoti’s revisions. Flexsteel Q4 2026 earnings call transcript

About Flexsteel Industries

Flexsteel Industries, Inc NASDAQ: FLXS is a U.S.-based furniture manufacturer specializing in the design, production, and marketing of residential upholstered furniture and wood casegoods. The company operates through two primary segments: Upholstery, which encompasses seating products such as sofas, loveseats, chairs, recliners, and sectionals; and Casegoods, which includes accent and occasional tables, cabinets, bookcases, and other wood-based furnishings. Flexsteel sells its products through a network of independent retailers, furniture stores, and distributors across North America.

Flexsteel's upholstery segment is distinguished by its patented Blue Steel Spring® technology, which offers enhanced longevity and comfort by replacing conventional webbing and springs with a welded steel seat suspension.

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