Flexsteel Industries (FLXS) Stock

DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS), announced its Board of Directors declared a quarterly dividend of $0.17 per share, payable January 8, 2025, to shareholders of record as of December 28, 2024. Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 332nd consecutive quarterly cash dividend. Share Repurchase Programs On December 11, 2024, the Company's Board of Directors approved a new share repurchase program authorizing th.

Here is how Flexsteel Industries (FLXS) and Imax (IMAX) have performed compared to their sector so far this year.

Here is how Flexsteel Industries (FLXS) and Imax (IMAX) have performed compared to their sector so far this year.

Flexsteel (FLXS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Flexsteel Industries, Inc. (NASDAQ:FLXS ) Q1 2025 Earnings Call Transcript October 22, 2024 9:00 AM ET Company Participants Mike Ressler - CFO Derek Schmidt - President and CEO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Operator Good day, and welcome to the Flexsteel Industries First Quarter Fiscal Year 2025 Earnings Results. All participants will be in listen-only mode.

Flexsteel Industries, Inc.'s Q1 FY25 results showed 10% revenue growth, outperforming the furniture sector, but cyclical factors warrant a conservative valuation approach. Despite strong performance and market enthusiasm, Flexsteel's stock price at close to $60 is deemed overvalued, maintaining a Hold rating. Operating leverage and margin expansion are positive, but the stock's current valuation embeds extreme optimism and poses downside risks.

Deteriorating U.S. consumer confidence and concerns for future business growth are concerns for the industry. Yet, focus on product innovation & technological solutions raises hope for SN, VIRC and FLXS.

Flexsteel Industries (FLXS) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.14 per share a year ago.

FLXS' first-quarter fiscal 2025 performance is expected to have benefited from investments in innovation, product development, customer experience and cost-saving initiatives.