Q3 EPS Estimate for Flexsteel Industries Reduced by Analyst

Flexsteel Industries, Inc. (NASDAQ:FLXS) – Equities research analysts at Sidoti reduced their Q3 2026 earnings estimates for shares of Flexsteel Industries in a research report issued on Tuesday, April 14th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings of $0.75 per share for the quarter, down from their previous forecast of $0.80. The consensus estimate for Flexsteel Industries’ current full-year earnings is $3.53 per share. Sidoti also issued estimates for Flexsteel Industries’ Q4 2026 earnings at $0.70 EPS and FY2026 earnings at $3.94 EPS.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, February 2nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.79 by $0.39. Flexsteel Industries had a net margin of 4.58% and a return on equity of 16.67%. The business had revenue of $118.25 million for the quarter, compared to analysts’ expectations of $107.51 million.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Flexsteel Industries in a report on Friday, March 27th. Wall Street Zen upgraded shares of Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Zacks Research cut shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Flexsteel Industries Stock Down 2.9%

Flexsteel Industries stock opened at $45.12 on Thursday. The company’s fifty day simple moving average is $49.28 and its 200-day simple moving average is $43.04. Flexsteel Industries has a 12 month low of $29.38 and a 12 month high of $59.95. The stock has a market cap of $241.39 million, a P/E ratio of 12.29, a P/E/G ratio of 0.95 and a beta of 0.52.

Institutional Trading of Flexsteel Industries

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Flexsteel Industries by 2,200.0% during the 3rd quarter. IFP Advisors Inc now owns 621 shares of the company’s stock worth $29,000 after acquiring an additional 594 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Flexsteel Industries during the 4th quarter worth about $38,000. BNP Paribas Financial Markets boosted its stake in shares of Flexsteel Industries by 149.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock worth $45,000 after acquiring an additional 582 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Flexsteel Industries during the 4th quarter worth about $49,000. Finally, Copeland Capital Management LLC bought a new stake in shares of Flexsteel Industries during the 4th quarter worth about $59,000. Institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Monday, March 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, March 30th. Flexsteel Industries’s dividend payout ratio (DPR) is 21.80%.

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.