Flexsteel Industries, Inc. (NASDAQ:FLXS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Flexsteel Industries (NASDAQ:FLXS) traded down 0.52% during midday trading on Thursday, reaching $55.92. The company had a trading volume of 15,719 shares. The firm has a 50-day moving average of $52.13 and a 200 day moving average of $53.11. The company has a market capitalization of $437.01 million, a P/E ratio of 18.33 and a beta of 1.98. Flexsteel Industries has a 1-year low of $39.98 and a 1-year high of $62.99.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Thursday, April 20th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.15. Flexsteel Industries had a net margin of 5.05% and a return on equity of 11.03%. The business had revenue of $120.75 million during the quarter. On average, equities research analysts forecast that Flexsteel Industries will post $3.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 16th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Wednesday, June 14th. Flexsteel Industries’s dividend payout ratio (DPR) is presently 26.40%.

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Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.

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