Flexsteel Industries (FLXS) Set to Announce Quarterly Earnings on Monday

Flexsteel Industries (NASDAQ:FLXS) will post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Flexsteel Industries to post earnings of $0.56 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. Flexsteel Industries had a return on equity of 5.13% and a net margin of 3.86%. The firm had revenue of $100.11 million for the quarter, compared to the consensus estimate of $100.09 million. On average, analysts expect Flexsteel Industries to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Flexsteel Industries Stock Down 2.6 %

Flexsteel Industries stock opened at $37.61 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.07 and a quick ratio of 0.90. Flexsteel Industries has a 1-year low of $15.67 and a 1-year high of $41.64. The company has a market cap of $193.69 million, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.53. The stock’s 50 day moving average price is $36.44 and its 200 day moving average price is $26.69.

Flexsteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, March 26th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. Flexsteel Industries’s dividend payout ratio (DPR) is presently 20.69%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FLXS. TheStreet upgraded Flexsteel Industries from a “c” rating to a “b-” rating in a research note on Monday, February 5th. StockNews.com downgraded Flexsteel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th.

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.