Somewhat Favorable News Coverage Somewhat Unlikely to Impact Flexsteel Industries (FLXS) Share Price

Media coverage about Flexsteel Industries (NASDAQ:FLXS) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flexsteel Industries earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.5378319345491 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of analysts have recently issued reports on FLXS shares. TheStreet cut shares of Flexsteel Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, May 15th. BidaskClub upgraded shares of Flexsteel Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Finally, ValuEngine cut shares of Flexsteel Industries from a “hold” rating to a “sell” rating in a research note on Friday, April 27th.

Shares of Flexsteel Industries traded down $0.24, reaching $38.55, during mid-day trading on Wednesday, according to Marketbeat.com. 18,115 shares of the company were exchanged, compared to its average volume of 23,121. Flexsteel Industries has a twelve month low of $34.74 and a twelve month high of $57.79. The stock has a market cap of $311.13 million, a PE ratio of 14.46 and a beta of 1.89.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.72 EPS for the quarter. Flexsteel Industries had a net margin of 4.89% and a return on equity of 9.19%. The business had revenue of $126.86 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Investors of record on Friday, June 15th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Thursday, June 14th.

About Flexsteel Industries

Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications.

Insider Buying and Selling by Quarter for Flexsteel Industries (NASDAQ:FLXS)

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