Flexsteel Industries (FLXS) to Release Earnings on Monday

Flexsteel Industries (NASDAQ:FLXS) is set to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Flexsteel Industries (NASDAQ:FLXS) last released its earnings results on Monday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Flexsteel Industries had a net margin of 3.86% and a return on equity of 5.13%. The business had revenue of $100.11 million for the quarter, compared to analysts’ expectations of $100.09 million. On average, analysts expect Flexsteel Industries to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flexsteel Industries Price Performance

FLXS opened at $37.49 on Monday. The company’s 50 day simple moving average is $35.98 and its 200 day simple moving average is $26.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 3.07. Flexsteel Industries has a 1 year low of $15.67 and a 1 year high of $41.64. The stock has a market capitalization of $193.07 million, a PE ratio of 12.93, a P/E/G ratio of 1.60 and a beta of 0.53.

Flexsteel Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, March 26th were given a $0.15 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Flexsteel Industries’s dividend payout ratio is presently 20.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FLXS shares. TheStreet raised shares of Flexsteel Industries from a “c” rating to a “b-” rating in a research report on Monday, February 5th. StockNews.com cut shares of Flexsteel Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its position in Flexsteel Industries by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 54,895 shares of the company’s stock valued at $1,035,000 after buying an additional 1,536 shares in the last quarter. Northern Trust Corp raised its stake in shares of Flexsteel Industries by 22.3% during the fourth quarter. Northern Trust Corp now owns 24,450 shares of the company’s stock valued at $461,000 after purchasing an additional 4,457 shares during the period. Royal Bank of Canada raised its stake in shares of Flexsteel Industries by 11.4% during the third quarter. Royal Bank of Canada now owns 13,400 shares of the company’s stock valued at $278,000 after purchasing an additional 1,369 shares during the period. FMR LLC raised its stake in shares of Flexsteel Industries by 6.3% during the third quarter. FMR LLC now owns 31,275 shares of the company’s stock valued at $649,000 after purchasing an additional 1,843 shares during the period. Finally, Ancora Advisors LLC raised its stake in shares of Flexsteel Industries by 42.0% during the first quarter. Ancora Advisors LLC now owns 72,731 shares of the company’s stock valued at $1,401,000 after purchasing an additional 21,527 shares during the period. 36.27% of the stock is owned by institutional investors and hedge funds.

Flexsteel Industries Company Profile

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 rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.