Somewhat Critical Press Coverage Extremely Likely to Affect Flexsteel Industries (FLXS) Share Price
News headlines about Flexsteel Industries (NASDAQ:FLXS) have been trending somewhat negative this week, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flexsteel Industries earned a coverage optimism score of -0.02 on AlphaOne’s scale. AlphaOne also gave media coverage about the company an impact score of 94 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Shares of Flexsteel Industries (NASDAQ:FLXS) traded up 0.25% during midday trading on Friday, hitting $52.85. 26,234 shares of the stock traded hands. The stock has a market capitalization of $413.02 million, a P/E ratio of 17.33 and a beta of 1.93. The firm has a 50-day moving average price of $52.56 and a 200-day moving average price of $53.37. Flexsteel Industries has a 52 week low of $37.93 and a 52 week high of $62.99.
Flexsteel Industries (NASDAQ:FLXS) last posted its earnings results on Thursday, April 20th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.15. Flexsteel Industries had a return on equity of 11.03% and a net margin of 5.05%. The firm had revenue of $120.75 million during the quarter. On average, equities analysts predict that Flexsteel Industries will post $3.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. Flexsteel Industries’s payout ratio is 26.40%.
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About Flexsteel Industries
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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