Flexsteel Industries (FLXS) to Release Quarterly Earnings on Monday

Flexsteel Industries (NASDAQ:FLXS) is set to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Monday, February 5th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $100.11 million for the quarter, compared to analysts’ expectations of $100.09 million. Flexsteel Industries had a return on equity of 5.13% and a net margin of 3.86%. On average, analysts expect Flexsteel Industries to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flexsteel Industries Price Performance

NASDAQ FLXS opened at $37.61 on Friday. Flexsteel Industries has a 1-year low of $15.67 and a 1-year high of $41.64. The business’s fifty day moving average price is $36.44 and its 200-day moving average price is $26.64. The stock has a market capitalization of $193.69 million, a price-to-earnings ratio of 12.97, a PEG ratio of 1.66 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.07 and a quick ratio of 0.90.

Flexsteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, March 26th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. Flexsteel Industries’s dividend payout ratio is presently 20.69%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FLXS shares. TheStreet upgraded Flexsteel Industries from a “c” rating to a “b-” rating in a research report on Monday, February 5th. StockNews.com downgraded shares of Flexsteel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

About Flexsteel Industries

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.