Sidoti Predicts Higher Earnings for Flexsteel Industries

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Research analysts at Sidoti boosted their FY2026 earnings per share estimates for Flexsteel Industries in a research report issued on Tuesday, April 21st. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $4.65 per share for the year, up from their prior estimate of $3.94. The consensus estimate for Flexsteel Industries’ current full-year earnings is $4.65 per share. Sidoti also issued estimates for Flexsteel Industries’ Q4 2026 earnings at $1.03 EPS, Q1 2027 earnings at $0.93 EPS, Q3 2027 earnings at $1.13 EPS, Q4 2027 earnings at $1.16 EPS, FY2027 earnings at $4.23 EPS, Q1 2028 earnings at $1.05 EPS, Q2 2028 earnings at $1.20 EPS, Q3 2028 earnings at $1.22 EPS and FY2028 earnings at $4.72 EPS.

Several other equities analysts have also issued reports on the company. Wall Street Zen raised Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Weiss Ratings raised Flexsteel Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Zacks Research lowered Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Flexsteel Industries currently has a consensus rating of “Moderate Buy”.

Flexsteel Industries Stock Performance

Shares of FLXS stock opened at $48.28 on Thursday. The stock’s 50-day moving average is $48.43 and its two-hundred day moving average is $43.13. The firm has a market cap of $258.30 million, a price-to-earnings ratio of 8.75, a PEG ratio of 0.89 and a beta of 0.52. Flexsteel Industries has a 1 year low of $29.38 and a 1 year high of $59.95.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Monday, April 20th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.39. The company had revenue of $115.13 million for the quarter, compared to analyst estimates of $118.32 million. Flexsteel Industries had a return on equity of 16.39% and a net margin of 6.79%.

Institutional Investors Weigh In On Flexsteel Industries

Hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Flexsteel Industries by 2,200.0% during the third quarter. IFP Advisors Inc now owns 621 shares of the company’s stock worth $29,000 after buying an additional 594 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Flexsteel Industries during the fourth quarter worth about $38,000. BNP Paribas Financial Markets boosted its stake in shares of Flexsteel Industries by 149.6% during the third quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock worth $45,000 after buying an additional 582 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Flexsteel Industries during the fourth quarter worth about $49,000. Finally, Copeland Capital Management LLC acquired a new stake in shares of Flexsteel Industries during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

Flexsteel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Monday, March 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. Flexsteel Industries’s dividend payout ratio is 14.49%.

Trending Headlines about Flexsteel Industries

Here are the key news stories impacting Flexsteel Industries this week:

• Positive Sentiment: Sidoti has repeatedly raised near‑ and medium‑term EPS forecasts (notably boosting FY2026, FY2027 and FY2028 estimates and several quarterly targets), implying better profitability/margin expectations that support higher share valuations. Sidoti estimate changes
• Positive Sentiment: Zacks highlights that rising earnings estimates are helping push FLXS higher and could sustain the uptrend if revisions continue. Can Flexsteel (FLXS) Run Higher on Rising Earnings Estimates?
• Positive Sentiment: Market commentary and earnings‑call coverage note an EPS beat for the recent quarter, which underpins the bullish sentiment that drove a strong intraday rally last week. Q3 2026 Earnings Call Highlights
• Positive Sentiment: AAII explains reasons for a ~10% jump in FLXS earlier in the reporting window, giving context that investor buying followed the company’s better‑than‑expected profit metrics and improving outlook. Why FLXS Stock Is Up 10.29%
• Neutral Sentiment: Sidoti made one small downward tweak to Q1 2027 estimates (from $0.94 to $0.93), a minor change that doesn’t overturn the broader upward revisions but is worth monitoring for seasonal variability. Sidoti estimate adjustments
• Negative Sentiment: Despite the EPS beat, recent quarterly revenue missed consensus slightly (reported below estimates), a reminder that top‑line softness could cap multiple expansion if it persists. Earnings call and revenue details

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.