Flexsteel Industries (NASDAQ:FLXS) Issues Earnings Results

Flexsteel Industries (NASDAQ:FLXS) announced its earnings results on Monday. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.25, Zacks reports. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%.

Flexsteel Industries Trading Down 2.3 %

FLXS stock traded down $0.76 during midday trading on Monday, reaching $31.94. The stock had a trading volume of 28,459 shares, compared to its average volume of 30,267. Flexsteel Industries has a 52-week low of $28.81 and a 52-week high of $65.87. The company’s fifty day simple moving average is $40.22 and its 200 day simple moving average is $49.44. The company has a market cap of $168.29 million, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.23.

Flexsteel Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Wednesday, March 26th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Wednesday, March 26th. Flexsteel Industries’s dividend payout ratio is presently 18.99%.

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.