Sidoti Csr Brokers Raise Earnings Estimates for FLXS

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Sidoti Csr increased their Q2 2026 earnings estimates for shares of Flexsteel Industries in a report released on Wednesday, October 22nd. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.79 per share for the quarter, up from their previous estimate of $0.56. The consensus estimate for Flexsteel Industries’ current full-year earnings is $3.53 per share. Sidoti Csr also issued estimates for Flexsteel Industries’ Q4 2026 earnings at $0.75 EPS, FY2026 earnings at $3.54 EPS, Q1 2027 earnings at $0.87 EPS and Q2 2027 earnings at $1.02 EPS.

A number of other research firms also recently commented on FLXS. Wall Street Zen downgraded shares of Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Zacks Research lowered shares of Flexsteel Industries from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings lowered shares of Flexsteel Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Flexsteel Industries Trading Up 0.1%

Shares of NASDAQ:FLXS opened at $36.11 on Monday. The stock’s 50-day moving average price is $44.57 and its two-hundred day moving average price is $37.84. Flexsteel Industries has a 12-month low of $29.38 and a 12-month high of $65.87. The firm has a market cap of $192.83 million, a price-to-earnings ratio of 8.79, a PEG ratio of 0.85 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, October 20th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.53. The company had revenue of $110.44 million for the quarter, compared to analyst estimates of $105.38 million. Flexsteel Industries had a return on equity of 16.28% and a net margin of 5.22%.During the same quarter in the prior year, the company posted $0.74 EPS.

Flexsteel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 24th. Flexsteel Industries’s dividend payout ratio (DPR) is currently 19.46%.

Insider Buying and Selling at Flexsteel Industries

In related news, insider Michael Joseph Mcclaflin sold 2,600 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $46.75, for a total transaction of $121,550.00. Following the completion of the sale, the insider directly owned 33,576 shares of the company’s stock, valued at approximately $1,569,678. This represents a 7.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC purchased a new stake in shares of Flexsteel Industries in the third quarter worth about $955,000. Marion Wealth Management lifted its position in Flexsteel Industries by 4.0% during the 3rd quarter. Marion Wealth Management now owns 33,936 shares of the company’s stock worth $1,573,000 after acquiring an additional 1,295 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Flexsteel Industries by 20.6% in the 2nd quarter. Lazard Asset Management LLC now owns 9,932 shares of the company’s stock worth $357,000 after acquiring an additional 1,697 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Flexsteel Industries by 3.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 63,106 shares of the company’s stock worth $2,274,000 after acquiring an additional 2,298 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Flexsteel Industries by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 7,972 shares of the company’s stock valued at $287,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 36.27% of the company’s stock.

About Flexsteel Industries

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.