Q1 EPS Forecast for Flexsteel Industries Boosted by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Equities researchers at Sidoti increased their Q1 2027 earnings per share (EPS) estimates for shares of Flexsteel Industries in a research note issued to investors on Friday, May 22nd. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $1.11 per share for the quarter, up from their prior forecast of $0.93. The consensus estimate for Flexsteel Industries’ current full-year earnings is $4.78 per share. Sidoti also issued estimates for Flexsteel Industries’ Q4 2027 earnings at $1.39 EPS, FY2027 earnings at $5.05 EPS, Q1 2028 earnings at $1.29 EPS, Q2 2028 earnings at $1.47 EPS, Q3 2028 earnings at $1.49 EPS and FY2028 earnings at $5.78 EPS.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, April 20th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.39. The company had revenue of $115.13 million for the quarter, compared to the consensus estimate of $118.32 million. Flexsteel Industries had a return on equity of 16.10% and a net margin of 6.79%.

Several other analysts also recently commented on FLXS. Wall Street Zen downgraded Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings raised Flexsteel Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 20th. Finally, Zacks Research downgraded Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Flexsteel Industries Trading Up 0.4%

Shares of Flexsteel Industries stock opened at $56.46 on Wednesday. The company has a market capitalization of $302.63 million, a PE ratio of 10.23, a PEG ratio of 0.98 and a beta of 0.57. Flexsteel Industries has a 12 month low of $29.38 and a 12 month high of $59.95. The stock’s fifty day simple moving average is $50.02 and its 200 day simple moving average is $45.66.

Institutional Investors Weigh In On Flexsteel Industries

Several hedge funds have recently bought and sold shares of FLXS. AQR Capital Management LLC acquired a new stake in Flexsteel Industries in the 1st quarter valued at about $221,000. Jones Financial Companies Lllp lifted its stake in Flexsteel Industries by 5,214.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $97,000 after purchasing an additional 2,607 shares during the last quarter. Empowered Funds LLC lifted its stake in Flexsteel Industries by 7.0% in the 1st quarter. Empowered Funds LLC now owns 24,749 shares of the company’s stock valued at $904,000 after purchasing an additional 1,622 shares during the last quarter. First Trust Advisors LP lifted its stake in Flexsteel Industries by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock valued at $423,000 after purchasing an additional 467 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Flexsteel Industries by 7.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,881 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, March 30th were issued a $0.20 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Flexsteel Industries’s dividend payout ratio (DPR) is presently 14.49%.

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.