Flexsteel Industries (FLXS) Scheduled to Post Earnings on Monday

Flexsteel Industries (NASDAQ:FLXS) will announce its earnings results after the market closes on Monday, October 21st. Analysts expect Flexsteel Industries to post earnings of $0.62 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $110.82 million for the quarter, compared to analyst estimates of $109.52 million. Flexsteel Industries had a return on equity of 7.98% and a net margin of 2.55%. On average, analysts expect Flexsteel Industries to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Flexsteel Industries Price Performance

Shares of NASDAQ FLXS opened at $43.37 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.97 and a current ratio of 2.57. The firm has a fifty day moving average of $41.27 and a 200 day moving average of $37.45. The firm has a market cap of $223.62 million, a PE ratio of 14.70, a PEG ratio of 1.16 and a beta of 0.46. Flexsteel Industries has a one year low of $15.67 and a one year high of $45.50.

Flexsteel Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from Flexsteel Industries’s previous quarterly dividend of $0.15. Flexsteel Industries’s dividend payout ratio is presently 23.05%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Flexsteel Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st.

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.