Flexsteel Industries (NASDAQ:FLXS) Announces Quarterly Earnings Results

Flexsteel Industries (NASDAQ:FLXS) released its quarterly earnings data on Monday. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.88 by $0.25, Zacks reports. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%.

Flexsteel Industries Price Performance

FLXS stock traded down $0.76 during midday trading on Monday, hitting $31.94. 28,459 shares of the stock traded hands, compared to its average volume of 30,267. Flexsteel Industries has a 1-year low of $28.81 and a 1-year high of $65.87. The firm has a market cap of $168.29 million, a P/E ratio of 8.92, a PEG ratio of 1.14 and a beta of 0.23. The stock’s fifty day simple moving average is $40.22 and its 200-day simple moving average is $49.44.

Flexsteel Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Wednesday, March 26th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio is currently 18.99%.

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.