Latest news with #FlexsteelIndustries
Yahoo
13 hours ago
- Business
- Yahoo
New Strong Buy Stocks for June 16th
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Flexsteel Industries, Inc. FLXS: This manufacturer of upholstered furniture has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Flexsteel Industries, Inc. price-consensus-chart | Flexsteel Industries, Inc. Quote Rockwell Automation, Inc. ROK: This industrial automation and digital transformation solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days. Rockwell Automation, Inc. price-consensus-chart | Rockwell Automation, Inc. Quote The E.W. Scripps Company SSP: This media enterprise company has seen the Zacks Consensus Estimate for its current year earnings increasing 14.3% over the last 60 days. E.W. Scripps Company (The) price-consensus-chart | E.W. Scripps Company (The) Quote Virtu Financial, Inc. VIRT: This financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days. Virtu Financial, Inc. price-consensus-chart | Virtu Financial, Inc. Quote Greystone Housing Impact Investors LP GHI: This company that is in the business of mortgage revenue bonds has seen the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days. Greystone Housing Impact Investors LP price-consensus-chart | Greystone Housing Impact Investors LP Quote You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report Flexsteel Industries, Inc. (FLXS) : Free Stock Analysis Report E.W. Scripps Company (The) (SSP) : Free Stock Analysis Report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report Greystone Housing Impact Investors LP (GHI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
13 hours ago
- Business
- Yahoo
Best Income Stocks to Buy for June 16th
Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 16th: Greystone Housing Impact Investors LP GHI: This company that is in the business of mortgage revenue bonds has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days. Greystone Housing Impact Investors LP price-consensus-chart | Greystone Housing Impact Investors LP Quote This Zacks Rank #1 company has a dividend yield of 12.4%, compared with the industry average of 0.0%. Greystone Housing Impact Investors LP dividend-yield-ttm | Greystone Housing Impact Investors LP Quote Virtu Financial, Inc. VIRT: This financial services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.5% over the last 60 days. Virtu Financial, Inc. price-consensus-chart | Virtu Financial, Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.3%, compared with the industry average of 0.0%. Virtu Financial, Inc. dividend-yield-ttm | Virtu Financial, Inc. Quote Flexsteel Industries, Inc. FLXS: This manufacturer of upholstered furniture has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. Flexsteel Industries, Inc. price-consensus-chart | Flexsteel Industries, Inc. Quote This Zacks Rank #1 company has a dividend yield of 2.3%, compared with the industry average of 0.0%. Flexsteel Industries, Inc. dividend-yield-ttm | Flexsteel Industries, Inc. Quote See the full list of top ranked stocks here. Find more top income stocks with some of our great premium screens. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Flexsteel Industries, Inc. (FLXS) : Free Stock Analysis Report Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report Greystone Housing Impact Investors LP (GHI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Flexsteel Industries (NASDAQ:FLXS) Will Pay A Larger Dividend Than Last Year At $0.20
Flexsteel Industries, Inc.'s (NASDAQ:FLXS) dividend will be increasing from last year's payment of the same period to $0.20 on 7th of July. This takes the dividend yield to 2.3%, which shareholders will be pleased with. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. A big dividend yield for a few years doesn't mean much if it can't be sustained. Before making this announcement, Flexsteel Industries was easily earning enough to cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Over the next year, EPS is forecast to expand by 20.3%. If the dividend continues on this path, the payout ratio could be 21% by next year, which we think can be pretty sustainable going forward. Check out our latest analysis for Flexsteel Industries While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The dividend has gone from an annual total of $0.72 in 2015 to the most recent total annual payment of $0.68. Dividend payments have shrunk at a rate of less than 1% per annum over this time frame. Declining dividends isn't generally what we look for as they can indicate that the company is running into some challenges. With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. Flexsteel Industries has seen EPS rising for the last five years, at 52% per annum. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock. Overall, a dividend increase is always good, and we think that Flexsteel Industries is a strong income stock thanks to its track record and growing earnings. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. Taking this all into consideration, this looks like it could be a good dividend opportunity. Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Taking the debate a bit further, we've identified 2 warning signs for Flexsteel Industries that investors need to be conscious of moving forward. Is Flexsteel Industries not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Flexsteel Industries' (NASDAQ:FLXS) Soft Earnings Are Actually Better Than They Appear
Shareholders appeared unconcerned with Flexsteel Industries, Inc.'s (NASDAQ:FLXS) lackluster earnings report last week. Our analysis suggests that while the profits are soft, the foundations of the business are strong. Our free stock report includes 3 warning signs investors should be aware of before investing in Flexsteel Industries. Read for free now. For anyone who wants to understand Flexsteel Industries' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by US$5.4m due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If Flexsteel Industries doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from Flexsteel Industries' earnings over the last year, but we might see an improvement next year. Because of this, we think Flexsteel Industries' earnings potential is at least as good as it seems, and maybe even better! Better yet, its EPS are growing strongly, which is nice to see. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. While conducting our analysis, we found that Flexsteel Industries has 3 warning signs and it would be unwise to ignore these. Today we've zoomed in on a single data point to better understand the nature of Flexsteel Industries' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Flexsteel Industries, Inc. (FLXS): A Bull Case Theory
We came across a bullish thesis on Flexsteel Industries, Inc. (FLXS) on Twitter by AlphaSenseInc. In this article, we will summarize the bulls' thesis on FLXS. Flexsteel Industries, Inc. (FLXS)'s share was trading at $31.93 as of April 21st. FLXS's trailing and forward P/E were 8.92 and 8.92 respectively according to Yahoo Finance. Flexsteel Industries delivered another solid performance, with net sales rising 6.3% year-over-year to $114.0 million, marking the sixth consecutive quarter of growth. This momentum was driven by a combination of new product introductions, share gains from strategic accounts, and traction in newly expanded markets. The company achieved adjusted net income of $1.13 per share, a substantial increase from $0.67 in the prior-year quarter, alongside adjusted operating income of $8.3 million, reflecting a continued focus on operational efficiency and profitability. Despite reporting a GAAP net loss per share of ($0.71), primarily due to a $14.1 million impairment charge related to a leased facility in Mexico, the underlying business fundamentals remain strong, as evidenced by an adjusted operating margin of 7.3%—the second-highest in seven years—and $12.3 million in operating cash flow, bringing the cash balance to $22.6 million. Flexsteel's leadership emphasized their confidence in the business despite a challenging macroeconomic backdrop, including the announcement of proposed reciprocal tariffs and signs of slowing retail traffic amid declining consumer confidence. The CEO acknowledged that the U.S. economy faces heightened uncertainty, with risks of prolonged inflation and even potential recession if tariffs persist. Nonetheless, the company remains strategically agile, prepared for multiple demand scenarios, and committed to strengthening its competitive position. Management outlined two priorities: sustaining execution of proven growth strategies while prudently managing costs, and enhancing supply chain agility to mitigate tariff-related risks. They reiterated their dedication to investing in innovation, marketing, and customer experience to drive long-term value. While near-term visibility is clouded by global trade and economic uncertainties, Flexsteel is well-positioned to continue gaining market share. With strong financials, an adaptable strategy, and a clear long-term vision, the company is poised to emerge from this uncertain period even stronger. Flexsteel Industries, Inc. (FLXS) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 4 hedge fund portfolios held FLXS at the end of the fourth quarter which was 5 in the previous quarter. While we acknowledge the risk and potential of FLXS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FLXS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
