Flexsteel Industries (NASDAQ:FLXS) Releases Earnings Results, Beats Expectations By $0.24 EPS

Flexsteel Industries (NASDAQ:FLXS) announced its quarterly earnings data on Monday. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.24, Zacks reports. The company had revenue of $115.37 million during the quarter, compared to the consensus estimate of $109.51 million. Flexsteel Industries had a return on equity of 16.10% and a net margin of 6.79%.

Flexsteel Industries Price Performance

NASDAQ:FLXS opened at $77.16 on Wednesday. The stock has a market cap of $413.58 million, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. Flexsteel Industries has a fifty-two week low of $34.00 and a fifty-two week high of $88.49. The stock’s 50-day moving average is $71.73 and its two-hundred day moving average is $58.30.

Flexsteel Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.25 per share. This is a boost from Flexsteel Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $1.00 annualized dividend and a yield of 1.3%. Flexsteel Industries’s dividend payout ratio (DPR) is presently 18.12%.

Institutional Trading of Flexsteel Industries

Institutional investors have recently made changes to their positions in the stock. Mariner LLC acquired a new position in Flexsteel Industries in the 4th quarter valued at approximately $46,099,000. Vanguard Group Inc. increased its stake in shares of Flexsteel Industries by 0.3% in the third quarter. Vanguard Group Inc. now owns 225,855 shares of the company’s stock worth $10,468,000 after acquiring an additional 708 shares during the last quarter. State Street Corp increased its stake in shares of Flexsteel Industries by 5.4% in the fourth quarter. State Street Corp now owns 84,028 shares of the company’s stock worth $3,335,000 after acquiring an additional 4,334 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of Flexsteel Industries by 22.5% during the third quarter. Punch & Associates Investment Management Inc. now owns 73,502 shares of the company’s stock worth $3,407,000 after acquiring an additional 13,502 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in Flexsteel Industries by 5.2% during the third quarter. Bridgeway Capital Management LLC now owns 66,406 shares of the company’s stock valued at $3,078,000 after purchasing an additional 3,300 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FLXS shares. Zacks Research lowered Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Flexsteel Industries in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Trending Headlines about Flexsteel Industries

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

• Positive Sentiment: Fourth-quarter results beat estimates: Flexsteel reported $1.33 in diluted EPS versus the $1.09 analyst consensus, while revenue reached $115.4 million, above the $109.5 million estimate. Quarterly sales also increased modestly from $114.6 million a year earlier. Flexsteel fiscal 2026 results
• Positive Sentiment: Above-consensus outlook: Management projects fiscal first-quarter 2027 revenue of $111 million to $115 million, exceeding the roughly $107.9 million consensus forecast. It also expects a 6.5% to 7.0% operating margin, supporting expectations for continued profitability. Flexsteel first-quarter 2027 guidance
• Positive Sentiment: Business mix transition: Flexsteel is exiting its ready-to-assemble operations, a move management expects to improve focus and support margins as the company concentrates on its core residential furniture business. Flexsteel fiscal 2026 earnings call transcript
• Neutral Sentiment: Execution remains important: Investors will be watching whether the company can deliver its projected margins and revenue while completing the ready-to-assemble exit in a potentially uneven furniture market.
• Negative Sentiment: Year-over-year EPS comparison was weaker: Quarterly EPS of $1.33 declined from $1.40 in the prior-year period, despite beating analysts’ expectations. Flexsteel earnings and revenue analysis

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.