NASDAQ:FLXS

Flexsteel Industries (FLXS) Stock Forecast, Price & News

$20.76

+0.55 (+2.72%)

(As of 09/29/2023 ET)

Compare

Today's Range: $20.00
▼
$20.76
50-Day Range: $18.70
▼
$23.59
52-Week Range: $13.46
▼
$24.96

Volume: 7,001 shs
Average Volume: 16,322 shs
Market Capitalization: $107.12 million

P/E Ratio: 7.49
Dividend Yield: 2.89%
Price Target: N/A

Flexsteel Industries MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.60% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.53
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 48.59%
From $1.77 to $2.63 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Consumer Discretionary Sector

25th out of 273 stocks

Household Furniture Industry

1st out of 9 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Flexsteel Industries.

3.0

Short Interest

Percentage of Shares Shorted
0.60% of the float of Flexsteel Industries has been sold short.
Short Interest Ratio / Days to Cover
Flexsteel Industries has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Flexsteel Industries has recently increased by 22.16%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Flexsteel Industries pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Flexsteel Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Flexsteel Industries is 21.66%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Flexsteel Industries will have a dividend payout ratio of 22.81% next year. This indicates that Flexsteel Industries will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FLXS.

2.5

News and Social Media Coverage

News Sentiment
Flexsteel Industries has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Flexsteel Industries this week, compared to 1 article on an average week.
Search Interest
3 people have searched for FLXS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Flexsteel Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Flexsteel Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.00% of the stock of Flexsteel Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 33.45% of the stock of Flexsteel Industries is held by institutions.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Flexsteel Industries are expected to grow by 48.59% in the coming year, from $1.77 to $2.63 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Flexsteel Industries is 7.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Flexsteel Industries is 7.49, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.74.
Price to Earnings Growth Ratio
Flexsteel Industries has a PEG Ratio of 0.98. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Flexsteel Industries has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Flexsteel Industries (NASDAQ:FLXS) Stock

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 and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. The company distributes its products through e-commerce channels and dealer network. It also engages in export related activities. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa.

FLXS Price History

30 days | 90 days | 365 days | Advanced Chart

FLXS Stock News Headlines

September 26, 2023 | finance.yahoo.com

Unraveling Flexsteel Industries Inc's Dividend Performance: A Deep Dive

September 24, 2023 | americanbankingnews.com

StockNews.com Upgrades Flexsteel Industries (NASDAQ:FLXS) to "Strong-Buy"

October 1, 2023 | Legacy Research (Ad)

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September 1, 2023 | stocknews.com

Top 3 Home Improvement Stocks Flashing Buy Signals

August 23, 2023 | finance.yahoo.com

Flexsteel Industries, Inc. (NASDAQ:FLXS) Q4 2023 Earnings Call Transcript

August 23, 2023 | finance.yahoo.com

Q4 2023 Flexsteel Industries Inc Earnings Call

August 21, 2023 | finance.yahoo.com

Flexsteel Industries, Inc. Reports Fiscal Fourth Quarter and Full Year 2023 Results

August 20, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Flexsteel Industries's earnings report

October 1, 2023 | Oxford Club (Ad)

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August 7, 2023 | finance.yahoo.com

Flexsteel Industries, Inc. to Announce Fourth Quarter 2023 Results on August 21

August 3, 2023 | msn.com

WillScot (WSC) Q2 Earnings and Revenues Top Estimates

June 28, 2023 | msn.com

Flexsteel Industries: A Good Opportunity For Long-Term Dividend Investors

June 28, 2023 | uk.finance.yahoo.com

FLXS - Flexsteel Industries, Inc.

June 12, 2023 | finance.yahoo.com

4 Furniture Stocks Worth Watching in a Challenging Industry

May 26, 2023 | fool.com

Flexsteel Industries (NASDAQ: FLXS)

May 3, 2023 | finance.yahoo.com

Q3 2023 Flexsteel Industries Inc Earnings Call

May 1, 2023 | finance.yahoo.com

Flexsteel Industries (FLXS) Q3 Earnings and Revenues Top Estimates

May 1, 2023 | finance.yahoo.com

Flexsteel Industries, Inc. Reports Fiscal Third Quarter 2023 Results

April 17, 2023 | finance.yahoo.com

Flexsteel Industries, Inc. to Announce Third Quarter 2023 Results on Monday, May 1

March 30, 2023 | seekingalpha.com

Flexsteel Industries: Temporary Headwinds Pose A Good Opportunity For Long-Term Investors

March 26, 2023 | seekingalpha.com

Flexsteel Industries Is Too Expensive For A Manufacturer In This Context

March 21, 2023 | finance.yahoo.com

3 Furniture Stocks Worth Watching in a Challenging Industry

March 10, 2023 | msn.com

Flexsteel Industries (FLXS) Declares $0.15 Dividend

February 9, 2023 | insidermonkey.com

Flexsteel Industries, Inc. (NASDAQ:FLXS) Q2 2023 Earnings Call Transcript

February 6, 2023 | finance.yahoo.com

Flexsteel Industries, Inc. Reports Fiscal Second Quarter 2023 Results

February 6, 2023 | finance.yahoo.com

Flexsteel Industries (FLXS) Surpasses Q2 Earnings and Revenue Estimates

February 3, 2023 | msn.com

Earnings Preview For Flexsteel Industries

See More Headlines

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FLXS Company Calendar

Ex-Dividend for 7/10 Dividend: 6/27/2023
Dividend Payable: 7/10/2023
Last Earnings: 8/22/2023
Ex-Dividend for 10/9 Dividend: 9/26/2023
Today: 10/01/2023
Dividend Payable: 10/09/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Household furniture
Sub-Industry: Home Furnishings
Sector: Consumer Discretionary
Current Symbol: NASDAQ:FLXS
CUSIP: 33938210
CIK: 37472
Web: www.flexsteel.com
Phone: (563) 556-7730
Fax: 563-556-8345
Employees: 1,700
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.77
Trailing P/E Ratio: 7.49
Forward P/E Ratio: 11.73
P/E Growth: 0.98
Net Income: $14.78 million
Net Margins: 3.75%
Pretax Margin: 2.34%
Return on Equity: 3.24%
Return on Assets: 1.58%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 3.10
Quick Ratio: 0.88

Sales & Book Value

Annual Sales: $393.69 million
Price / Sales: 0.27
Cash Flow: $1.80 per share
Price / Cash Flow: 11.55
Book Value: $27.49 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 5,160,000
Free Float: 4,545,000
Market Cap: $107.12 million
Optionable: Not Optionable
Beta: 0.61

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Key Executives

Mr. Jerald K. Dittmer (Age 65)
Pres, CEO & Director
Comp: $1.07M

Mr. Derek Paul Schmidt (Age 50)
Chief Operating Officer
Comp: $571.63k

Mr. David Edward Crimmins (Age 41)
VP of Sales & Product Management
Comp: $352.23k

Mr. Michael J. McClaflin (Age 60)
Chief Information & Technology Officer

Ms. Stacy Marie Kammes (Age 43)
VP of HR & Assistant Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FLXS Stock - Frequently Asked Questions

How have FLXS shares performed in 2023?: Flexsteel Industries' stock was trading at $15.40 on January 1st, 2023. Since then, FLXS stock has increased by 34.8% and is now trading at $20.76.
View the best growth stocks for 2023 here.
Are investors shorting Flexsteel Industries?: Flexsteel Industries saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 21,500 shares, an increase of 22.2% from the August 31st total of 17,600 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 2.0 days. Approximately 0.6% of the company's stock are short sold.
View Flexsteel Industries' Short Interest.
When is Flexsteel Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our FLXS earnings forecast.
How were Flexsteel Industries' earnings last quarter?: Flexsteel Industries, Inc. (NASDAQ:FLXS) announced its quarterly earnings data on Tuesday, August, 22nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm earned $105.82 million during the quarter, compared to analyst estimates of $103.01 million. Flexsteel Industries had a net margin of 3.75% and a trailing twelve-month return on equity of 3.24%. During the same quarter last year, the firm earned $0.41 earnings per share.
How often does Flexsteel Industries pay dividends? What is the dividend yield for Flexsteel Industries?: Flexsteel Industries announced a quarterly dividend on Tuesday, September 12th. Shareholders of record on Wednesday, September 27th will be given a dividend of $0.15 per share on Monday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Tuesday, September 26th.
Read our dividend analysis for FLXS.
Is Flexsteel Industries a good dividend stock?: Flexsteel Industries (NASDAQ:FLXS) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.89%. The dividend payout ratio is 21.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLXS will have a dividend payout ratio of 22.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLXS.

What is Jerald Dittmer's approval rating as Flexsteel Industries' CEO?: 12 employees have rated Flexsteel Industries Chief Executive Officer Jerald Dittmer on Glassdoor.com. Jerald Dittmer has an approval rating of 76% among the company's employees.
What other stocks do shareholders of Flexsteel Industries own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Flexsteel Industries investors own include Main Street Capital (MAIN), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), Boeing (BA), Enterprise Products Partners (EPD), Energy Transfer (ET), General Motors (GM), Southwest Airlines (LUV) and Mastercard (MA).
What is Flexsteel Industries' stock symbol?: Flexsteel Industries trades on the NASDAQ under the ticker symbol "FLXS."
How do I buy shares of Flexsteel Industries?: Shares of FLXS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Flexsteel Industries' stock price today?: One share of FLXS stock can currently be purchased for approximately $20.76.
How much money does Flexsteel Industries make?: Flexsteel Industries (NASDAQ:FLXS) has a market capitalization of $107.12 million and generates $393.69 million in revenue each year. The company earns $14.78 million in net income (profit) each year or $2.77 on an earnings per share basis.
How many employees does Flexsteel Industries have?: The company employs 1,700 workers across the globe.
How can I contact Flexsteel Industries?: Flexsteel Industries' mailing address is 385 Bell Street, Dubuque IA, 52001. The official website for the company is www.flexsteel.com. The company can be reached via phone at (563) 556-7730, via email at flxs@finprofiles.com, or via fax at 563-556-8345.

This page (NASDAQ:FLXS) was last updated on 10/1/2023 by MarketBeat.com Staff

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