Sidoti Csr Has Positive Outlook for FLXS Q2 Earnings

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Equities researchers at Sidoti Csr raised their Q2 2026 earnings estimates for shares of Flexsteel Industries in a research report issued on Wednesday, October 22nd. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.56. The consensus estimate for Flexsteel Industries’ current full-year earnings is $3.53 per share. Sidoti Csr also issued estimates for Flexsteel Industries’ Q4 2026 earnings at $0.75 EPS, FY2026 earnings at $3.54 EPS, Q1 2027 earnings at $0.87 EPS and Q2 2027 earnings at $1.02 EPS.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Flexsteel Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Zacks Research downgraded shares of Flexsteel Industries from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Wall Street Zen lowered shares of Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Flexsteel Industries Price Performance

Shares of NASDAQ FLXS opened at $36.02 on Monday. The stock has a market cap of $192.35 million, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.85 and a beta of 0.51. Flexsteel Industries has a 1 year low of $29.38 and a 1 year high of $65.87. The firm has a 50-day moving average of $44.45 and a 200 day moving average of $37.86.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, October 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.53. Flexsteel Industries had a net margin of 5.22% and a return on equity of 16.28%. The company had revenue of $110.44 million during the quarter, compared to analysts’ expectations of $105.38 million. During the same period last year, the company posted $0.74 EPS.

Institutional Investors Weigh In On Flexsteel Industries

Hedge funds have recently bought and sold shares of the business. US Bancorp DE bought a new position in Flexsteel Industries during the first quarter valued at $26,000. Russell Investments Group Ltd. bought a new position in Flexsteel Industries during the 1st quarter worth about $58,000. Jones Financial Companies Lllp grew its holdings in Flexsteel Industries by 5,214.0% during the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock worth $97,000 after acquiring an additional 2,607 shares in the last quarter. AQR Capital Management LLC bought a new position in Flexsteel Industries during the 1st quarter worth about $221,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Flexsteel Industries in the 2nd quarter valued at about $242,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Insider Transactions at Flexsteel Industries

In related news, insider Michael Joseph Mcclaflin sold 2,600 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $46.75, for a total transaction of $121,550.00. Following the sale, the insider owned 33,576 shares of the company’s stock, valued at $1,569,678. This represents a 7.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is currently owned by insiders.

Flexsteel Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, September 24th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 24th. Flexsteel Industries’s payout ratio is 19.46%.

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.