Q1 EPS Forecast for Flexsteel Industries Boosted by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Equities researchers at Sidoti increased their Q1 2027 earnings per share (EPS) estimates for shares of Flexsteel Industries in a note issued to investors on Friday, May 22nd. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $1.11 per share for the quarter, up from their previous estimate of $0.93. The consensus estimate for Flexsteel Industries’ current full-year earnings is $4.78 per share. Sidoti also issued estimates for Flexsteel Industries’ Q4 2027 earnings at $1.39 EPS, FY2027 earnings at $5.05 EPS, Q1 2028 earnings at $1.29 EPS, Q2 2028 earnings at $1.47 EPS, Q3 2028 earnings at $1.49 EPS and FY2028 earnings at $5.78 EPS.

FLXS has been the topic of a number of other reports. Zacks Research lowered Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen lowered Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings upgraded Flexsteel Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Flexsteel Industries Trading Up 0.4%

FLXS stock opened at $56.46 on Wednesday. Flexsteel Industries has a 1-year low of $29.38 and a 1-year high of $59.95. The firm has a market cap of $302.63 million, a P/E ratio of 10.23, a P/E/G ratio of 0.98 and a beta of 0.57. The business’s 50 day moving average is $50.02 and its 200-day moving average is $45.66.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, April 20th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.39. Flexsteel Industries had a return on equity of 16.10% and a net margin of 6.79%.The company had revenue of $115.13 million for the quarter, compared to analyst estimates of $118.32 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in shares of Flexsteel Industries by 11.1% in the 4th quarter. Deutsche Bank AG now owns 3,024 shares of the company’s stock valued at $119,000 after purchasing an additional 303 shares during the period. Barclays PLC lifted its stake in shares of Flexsteel Industries by 6.4% in the 4th quarter. Barclays PLC now owns 5,527 shares of the company’s stock valued at $218,000 after purchasing an additional 333 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Flexsteel Industries by 24.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,991 shares of the company’s stock valued at $92,000 after purchasing an additional 395 shares during the period. First Trust Advisors LP lifted its stake in shares of Flexsteel Industries by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock valued at $423,000 after purchasing an additional 467 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Flexsteel Industries by 16.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,729 shares of the company’s stock valued at $168,000 after purchasing an additional 526 shares during the period. Institutional investors and hedge funds own 36.27% of the company’s stock.

Flexsteel Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, March 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 annualized dividend and a yield of 1.4%. Flexsteel Industries’s dividend payout ratio is currently 14.49%.

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.