Somewhat Critical News Coverage Extremely Likely to Impact Flexsteel Industries (NASDAQ:FLXS) Stock Price
News coverage about Flexsteel Industries (NASDAQ:FLXS) has been trending somewhat negative recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flexsteel Industries earned a media sentiment score of -0.02 on Accern’s scale. Accern also gave news articles about the company an impact score of 94 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Shares of Flexsteel Industries (NASDAQ:FLXS) traded down 0.52% during trading on Friday, hitting $55.92. The stock had a trading volume of 15,719 shares. The company has a market cap of $437.01 million, a PE ratio of 18.33 and a beta of 1.98. Flexsteel Industries has a 1-year low of $39.98 and a 1-year high of $62.99. The firm’s 50 day moving average is $52.13 and its 200 day moving average is $53.11.
Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Thursday, April 20th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.15. Flexsteel Industries had a net margin of 5.05% and a return on equity of 11.03%. The company had revenue of $120.75 million for the quarter. Equities research analysts anticipate that Flexsteel Industries will post $3.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. Flexsteel Industries’s payout ratio is currently 26.40%.
Separately, BidaskClub upgraded Flexsteel Industries from a “hold” rating to a “buy” rating in a research note on Thursday.
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Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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