<div id="readability-page-1"><p>Flexsteel Industries (NASDAQ:FLXS - Get Free Report) announced its quarterly earnings results on Monday. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.39, FiscalAI reports. The company had revenue of $118.25 million for the quarter, compared to the consensus estimate of $107.51 million. Flexsteel Industries had a net margin of 5.22% and a return on equity of 16.28%.</p><div><p><span></span><span>Get <strong>Flexsteel Industries</strong> alerts:</span></p></div><h2>Flexsteel Industries Price Performance</h2><ul><li>Hooker Furnishings Discount To Book, A Value Play?</li></ul><p>Shares of NASDAQ FLXS traded up $1.63 during midday trading on Monday, hitting $41.66. 21,300 shares of the company's stock were exchanged, compared to its average volume of 19,530. Flexsteel Industries has a twelve month low of $29.38 and a twelve month high of $64.14. The firm has a market cap of $222.46 million, a P/E ratio of 10.14, a PEG ratio of 0.94 and a beta of 0.51. The stock's 50 day moving average price is $40.53 and its 200-day moving average price is $40.44. </p><h2>Flexsteel Industries Announces Dividend</h2><p>The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Monday, December 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 29th. Flexsteel Industries's payout ratio is 19.46%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Flexsteel Is Flexing Its Muscles, Again</li></ul><p>Several research analysts recently weighed in on the stock. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of Flexsteel Industries in a research note on Monday, December 29th. Zacks Research raised shares of Flexsteel Industries from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Monday, December 15th. Finally, Wall Street Zen cut shares of Flexsteel Industries from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, October 18th. Two research analysts have rated the stock with a Hold rating,  Based on data from MarketBeat.com, the company  has an average rating of &#34;Hold&#34;.</p><p><b>Get Our Latest Research Report on Flexsteel Industries</b></p><h2>Institutional Inflows and Outflows</h2><ul><li>Flexsteel Flexes Its Muscles In The Second-Quarter</li></ul><p>Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc raised its holdings in  Flexsteel Industries by 2,200.0% during the third quarter. IFP Advisors Inc now owns 621 shares of the company's stock worth $29,000 after purchasing an additional 594 shares in the last quarter.  BNP Paribas Financial Markets increased its position 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 valued at $45,000 after purchasing an additional 582 shares during the period.  Russell Investments Group Ltd. increased its position in shares of  Flexsteel Industries by 24.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,991 shares of the company's stock valued at $92,000 after purchasing an additional 395 shares during the period.  Jones Financial Companies Lllp raised its stake in shares of  Flexsteel Industries by 5,214.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company's stock worth $97,000 after buying an additional 2,607 shares in the last quarter.  Finally, AQR Capital Management LLC acquired a new stake in shares of  Flexsteel Industries in the first quarter valued at $221,000. 36.27% of the stock is currently owned by institutional investors. </p><h2>About Flexsteel Industries</h2> (Get Free Report)<p>Flexsteel Industries, Inc <span>NASDAQ: FLXS<span></span></span> 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.  </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Flexsteel Industries</li><li>This is the Exact Moment the AI Boom Will End</li><li>New gold price target</li><li>Bombshell Exposé on China Strikes</li><li>End of America Update</li><li>Trump’s Final Shocking Act Begins February 24</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkxYUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkxYUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Flexsteel Industries Right Now?</h2><p>Before you consider Flexsteel Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flexsteel Industries wasn't on the list.</p><p>While Flexsteel Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Flexsteel Industries (NASDAQ:FLXS) reported quarterly earnings of $1.18 EPS, surpassing estimates of $0.79. The company generated revenue of $118.25 million, exceeding the expected $107.51 million. Flexsteel's return on equity was 16.28% with a net margin of 5.22%. The firm also declared a quarterly dividend of $0.20 per share, yielding 1.9%. Recent analyst ratings include a hold from Weiss Ratings and a downgrade from Wall Street Zen. Institutional investors have increased their stakes significantly in the company, which specializes in residential upholstered furniture and wood casegoods.</p>

Flexsteel Industries (NASDAQ:FLXS) Issues Earnings Results