Flexsteel Industries (FLXS) Stock Forecast, Price & News

Flexsteel Industries' stock was trading at $15.40 at the start of the year. Since then, FLXS stock has increased by 19.5% and is now trading at $18.41.
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Flexsteel Industries saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 17,800 shares, an increase of 27.1% from the April 30th total of 14,000 shares. Based on an average trading volume of 7,800 shares, the short-interest ratio is presently 2.3 days. Currently, 0.5% of the shares of the company are sold short.
View Flexsteel Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 28th 2023.
View our FLXS earnings forecast.

Flexsteel Industries, Inc. (NASDAQ:FLXS) announced its quarterly earnings data on Thursday, April, 20th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.15. The business had revenue of $120.75 million for the quarter. Flexsteel Industries had a net margin of 1.05% and a trailing twelve-month return on equity of 3.57%.

Flexsteel Industries announced a quarterly dividend on Tuesday, March 7th. Stockholders of record on Wednesday, March 22nd will be given a dividend of $0.15 per share on Monday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, March 21st.
Read our dividend analysis for FLXS.

Flexsteel Industries (NASDAQ:FLXS) pays an annual dividend of $0.60 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 74.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FLXS will have a dividend payout ratio of 31.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLXS.

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.

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).

Flexsteel Industries trades on the NASDAQ under the ticker symbol "FLXS."

Flexsteel Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.70%), Punch & Associates Investment Management Inc. (3.81%), Renaissance Technologies LLC (3.00%), Ancora Advisors LLC (1.41%), Marion Wealth Management (0.47%) and RKL Wealth Management LLC (0.21%). Insiders that own company stock include Carl Anthony Jr Hayden, Derek P Schmidt, Derek P Schmidt, Jerald K Dittmer, Kathryn P Dickson, Matthew Kaness, Michael Joseph Mcclaflin, Terrence Heath Willis, Thomas M Levine, Timothy Patrick Newlin and William S Creekmuir.
View institutional ownership trends.

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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One share of FLXS stock can currently be purchased for approximately $18.41.

Flexsteel Industries (NASDAQ:FLXS) has a market capitalization of $94.81 million and generates $544.28 million in revenue each year. The company earns $1.85 million in net income (profit) each year or $0.81 on an earnings per share basis.

The company employs 1,800 workers across the globe.

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.