Flexsteel Industries (FLXS) to Release Earnings on Thursday

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Flexsteel Industries (NASDAQ:FLXS) will be posting its Q1 quarterly earnings results after the market closes on Thursday, October 25th.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Thursday, August 23rd. The company reported $0.28 EPS for the quarter. The firm had revenue of $113.09 million for the quarter. Flexsteel Industries had a net margin of 4.15% and a return on equity of 7.48%.

Shares of FLXS stock opened at $28.27 on Tuesday. The firm has a market cap of $222.70 million, a PE ratio of 12.52 and a beta of 1.79. Flexsteel Industries has a one year low of $28.02 and a one year high of $53.00.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 8th. Stockholders of record on Friday, September 21st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.88 annualized dividend and a dividend yield of 3.11%.

Separately, BidaskClub upgraded shares of Flexsteel Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 22nd.

A hedge fund recently raised its stake in Flexsteel Industries stock. Bank of New York Mellon Corp raised its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,457 shares of the company’s stock after acquiring an additional 1,552 shares during the period. Bank of New York Mellon Corp owned approximately 0.83% of Flexsteel Industries worth $2,612,000 as of its most recent SEC filing. 63.99% of the stock is currently owned by hedge funds and other institutional investors.

About Flexsteel Industries

Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.

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Earnings History for Flexsteel Industries (NASDAQ:FLXS)

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