Q3 EPS Forecast for Flexsteel Industries Lowered by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Investment analysts at Sidoti decreased their Q3 2026 EPS estimates for Flexsteel Industries in a research note issued to investors on Tuesday, April 14th. Sidoti analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.75 for the quarter, down from their previous estimate of $0.80. The consensus estimate for Flexsteel Industries’ current full-year earnings is $3.53 per share. Sidoti also issued estimates for Flexsteel Industries’ Q4 2026 earnings at $0.70 EPS and FY2026 earnings at $3.94 EPS.

Flexsteel Industries (NASDAQ:FLXS) last released its earnings results on Monday, February 2nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.39. Flexsteel Industries had a net margin of 4.58% and a return on equity of 16.67%. The firm had revenue of $118.25 million during the quarter, compared to analyst estimates of $107.51 million.

Other analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Flexsteel Industries in a research note on Friday, March 27th. Wall Street Zen upgraded Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Zacks Research downgraded Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Flexsteel Industries Stock Down 0.7%

Shares of NASDAQ FLXS opened at $44.81 on Thursday. The firm has a market cap of $239.51 million, a P/E ratio of 12.21, a PEG ratio of 0.95 and a beta of 0.52. Flexsteel Industries has a twelve month low of $29.38 and a twelve month high of $59.95. The company has a 50 day moving average of $49.25 and a 200 day moving average of $43.05.

Institutional Trading of Flexsteel Industries

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in Flexsteel Industries by 2,200.0% during the 3rd quarter. IFP Advisors Inc now owns 621 shares of the company’s stock valued at $29,000 after purchasing an additional 594 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Flexsteel Industries during the 4th quarter valued at $38,000. BNP Paribas Financial Markets raised its stake in Flexsteel Industries by 149.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock valued at $45,000 after buying an additional 582 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in Flexsteel Industries during the 4th quarter valued at $49,000. Finally, Copeland Capital Management LLC purchased a new stake in Flexsteel Industries during the 4th quarter valued at $59,000. 36.27% of the stock is currently owned by hedge funds and other institutional investors.

Flexsteel Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, March 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, March 30th. Flexsteel Industries’s dividend payout ratio (DPR) is currently 21.80%.

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.