Flexsteel Industries (FLXS) Scheduled to Post Quarterly Earnings on Monday

Flexsteel Industries (NASDAQ:FLXS) will issue its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, August 19th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. Flexsteel Industries had a return on equity of 7.98% and a net margin of 2.55%. The company had revenue of $110.82 million for the quarter, compared to the consensus estimate of $109.52 million. On average, analysts expect Flexsteel Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Flexsteel Industries Stock Down 0.7 %

FLXS opened at $43.37 on Friday. The business has a 50 day moving average of $41.27 and a 200-day moving average of $37.42. The stock has a market capitalization of $223.62 million, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.16 and a beta of 0.46. The company has a current ratio of 2.57, a quick ratio of 0.97 and a debt-to-equity ratio of 0.03. Flexsteel Industries has a 1-year low of $15.67 and a 1-year high of $45.50.

Flexsteel Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Wednesday, September 25th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Wednesday, September 25th. This is a boost from Flexsteel Industries’s previous quarterly dividend of $0.15. Flexsteel Industries’s dividend payout ratio (DPR) is presently 23.05%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Flexsteel Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st.

Flexsteel Industries Company Profile

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.