Q2 EPS Estimate for Flexsteel Industries Lifted by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Equities research analysts at Sidoti increased their Q2 2027 EPS estimates for Flexsteel Industries in a research note issued to investors on Wednesday, August 19th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $1.30 for the quarter, up from their previous forecast of $1.20. The consensus estimate for Flexsteel Industries’ current full-year earnings is $5.19 per share. Sidoti also issued estimates for Flexsteel Industries’ Q4 2027 earnings at $1.40 EPS, FY2027 earnings at $5.29 EPS, Q1 2028 earnings at $1.43 EPS, Q2 2028 earnings at $1.54 EPS, Q3 2028 earnings at $1.53 EPS, Q4 2028 earnings at $1.55 EPS and FY2028 earnings at $6.05 EPS.

Other research analysts have also recently issued research reports about the company. Freedom Capital cut Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Flexsteel Industries in a research note on Friday, July 17th. Wall Street Zen lowered shares of Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Zacks Research cut shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Flexsteel Industries Trading Up 1.3%

NASDAQ:FLXS opened at $78.17 on Thursday. The stock has a 50 day simple moving average of $72.13 and a 200 day simple moving average of $58.57. The stock has a market cap of $418.68 million, a P/E ratio of 12.59, a PEG ratio of 1.24 and a beta of 0.56. Flexsteel Industries has a 1-year low of $34.00 and a 1-year high of $88.49.

Flexsteel Industries (NASDAQ:FLXS) last posted its earnings results on Monday, August 17th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.09 by $0.24. The company had revenue of $115.37 million for the quarter, compared to the consensus estimate of $109.51 million. Flexsteel Industries had a return on equity of 15.09% and a net margin of 7.21%.

Flexsteel Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, June 24th were given a $0.25 dividend. The ex-dividend date was Wednesday, June 24th. This is an increase from Flexsteel Industries’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Flexsteel Industries’s dividend payout ratio (DPR) is 16.10%.

Institutional Investors Weigh In On Flexsteel Industries

Several institutional investors and hedge funds have recently bought and sold shares of FLXS. Janney Montgomery Scott LLC grew its stake in Flexsteel Industries by 97.5% during the first quarter. Janney Montgomery Scott LLC now owns 29,207 shares of the company’s stock worth $1,313,000 after buying an additional 14,417 shares in the last quarter. Illumine Investment Management LLC acquired a new position in shares of Flexsteel Industries in the 1st quarter valued at approximately $774,000. Walleye Capital LLC bought a new stake in shares of Flexsteel Industries during the 1st quarter worth approximately $1,359,000. Punch & Associates Investment Management Inc. increased its stake in Flexsteel Industries by 23.8% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 90,980 shares of the company’s stock valued at $3,593,000 after acquiring an additional 17,478 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Flexsteel Industries by 7.9% in the 1st quarter. Renaissance Technologies LLC now owns 142,200 shares of the company’s stock valued at $6,390,000 after purchasing an additional 10,400 shares during the last quarter. Institutional investors own 36.27% of the company’s stock.

Key Headlines Impacting Flexsteel Industries

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

• Positive Sentiment: Broad upward EPS revisions: Sidoti increased its FY2027 EPS forecast to $5.29 from $5.19 and its FY2028 forecast to $6.05 from $5.89. The firm also raised estimates for several quarters, including Q2 FY2027 to $1.30 from $1.20 and Q2 FY2028 to $1.54 from $1.47. These revisions may support the stock by signaling stronger expected profitability. Flexsteel Industries analyst estimates
• Positive Sentiment: Recent results exceeded expectations: Flexsteel’s latest quarterly report showed earnings of $1.33 per share versus the $1.09 consensus estimate, while revenue of $115.37 million surpassed the $109.51 million forecast. The earnings beat likely contributed to the improved analyst outlook.
• Positive Sentiment: Margin-protection initiatives: Management is using pricing and cost actions to offset inflation and other cost pressures. Flexsteel also expects fiscal first-quarter sales of $111 million to $115 million and an operating margin of 6.5% to 7.0% as it exits the ready-to-assemble business. Zacks earnings call analysis
• Neutral Sentiment: Execution remains important: The company enters fiscal 2027 with expected sales growth but an uneven demand environment. Investors will monitor whether pricing, cost reductions and the business exit can sustain margins.
• Negative Sentiment: Macro risks persist: Inflation, tariffs and inconsistent consumer demand could pressure sales and profitability if cost increases cannot be fully passed to customers. These concerns temper the otherwise bullish impact of Sidoti’s revisions. Flexsteel Q4 2026 earnings call transcript

Flexsteel Industries Company Profile

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.