Flexsteel Industries (FLXS) Getting Somewhat Positive Media Coverage, Accern Reports
News coverage about Flexsteel Industries (NASDAQ:FLXS) has trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flexsteel Industries earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.8186686250268 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, BidaskClub upgraded shares of Flexsteel Industries from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.
Shares of Flexsteel Industries (FLXS) traded up 1.08% during trading on Friday, hitting $46.62. 25,196 shares of the company traded hands. Flexsteel Industries has a 52 week low of $39.98 and a 52 week high of $62.99. The company has a market capitalization of $364.71 million, a price-to-earnings ratio of 15.44 and a beta of 2.04. The company has a 50 day moving average price of $48.73 and a 200 day moving average price of $51.49.
Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Tuesday, August 15th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.11). Flexsteel Industries had a net margin of 5.07% and a return on equity of 10.71%. The company had revenue of $117.43 million for the quarter. On average, analysts expect that Flexsteel Industries will post $3.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Friday, September 22nd will be issued a dividend of $0.22 per share. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.88 dividend on an annualized basis and a yield of 1.89%. Flexsteel Industries’s dividend payout ratio (DPR) is presently 29.24%.
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Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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