Flexsteel Industries, Inc. (FLXS) Scheduled to Post Quarterly Earnings on Tuesday
Flexsteel Industries (NASDAQ:FLXS) last posted its earnings results on Tuesday, August 15th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.11). Flexsteel Industries had a return on equity of 10.71% and a net margin of 5.07%. The company had revenue of $117.43 million during the quarter. On average, analysts expect Flexsteel Industries to post $3.24 EPS for the current fiscal year and $3.28 EPS for the next fiscal year.
Shares of Flexsteel Industries, Inc. (NASDAQ FLXS) opened at 49.50 on Tuesday. The firm has a 50-day moving average of $47.25 and a 200-day moving average of $51.57. The company has a market cap of $387.24 million, a P/E ratio of 16.39 and a beta of 2.05. Flexsteel Industries, Inc. has a 52-week low of $39.98 and a 52-week high of $62.99.
The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.22 per share. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.88 dividend on an annualized basis and a yield of 1.78%. Flexsteel Industries’s dividend payout ratio is presently 29.24%.
Separately, BidaskClub lowered shares of Flexsteel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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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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