Flexsteel Industries (NASDAQ:FLXS) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Flexsteel Industries (NASDAQ:FLXS) posted its earnings results on Monday. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12, Yahoo Finance reports. Flexsteel Industries had a net margin of 2.55% and a return on equity of 7.98%. The firm had revenue of $104.01 million during the quarter, compared to analysts’ expectations of $101.60 million. During the same period in the previous year, the company earned $0.14 earnings per share. Flexsteel Industries updated its Q2 2025 guidance to EPS and its FY 2025 guidance to EPS.

Flexsteel Industries Stock Down 1.8 %

Shares of FLXS stock opened at $42.60 on Tuesday. The company has a market capitalization of $219.65 million, a price-to-earnings ratio of 14.44, a PEG ratio of 1.16 and a beta of 0.46. 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 stock’s 50 day simple moving average is $41.43 and its 200 day simple moving average is $37.42. Flexsteel Industries has a twelve month low of $15.67 and a twelve month high of $45.50.

Flexsteel Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.17 per share. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, September 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.60%. Flexsteel Industries’s dividend payout ratio is currently 23.05%.

Analysts Set New Price Targets

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

About Flexsteel Industries

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.