Flexsteel Industries, Inc. (NASDAQ:FLXS) is reporting fourth quarter financial results on Monday 24th August 2020, after market close.
Previous Quarter Performance
Flexsteel Industries, Inc. announced loss for the third quarter of $ 0.45 per share, from the revenue of $ 98.82 million. According to street consensus, revenue of was expected for the third quarter The bottom line results street analysts by $ 0.08 or , at the same time, top line results analysts by $ 40.51 million or .
Stock Performance
Shares of Flexsteel Industries, Inc. traded low $ -0.35 or -1.91 percent on Friday, reaching $ 18.00 with volume of 24.60 thousand shares. The stock opened down for the day at $ 17.88, after closing the previous day trading at $ 18.35.
According to the previous trading day, closing price of $ 18.35, representing a 134.96 % increase from the 52 week low of $ 7.81 and a 13.89 % decrease over the 52 week high of $ 21.31.
With respect to the key metrics, Flexsteel Industries, Inc. stock has advanced $ 5.52 or 44.00 percent, reaching $ 12.48 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 2.27 or 14.00 percent, before arriving at $ 15.73 during the SMA50-day period.
The company has a market capital of $ 144.01 million and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on June 1, 2020. The dividend were payable on July 6, 2020 to holders of record as of the close of business on June 19, 2020 and ex-dividend date on June 18, 2020.
Conference Call
Flexsteel Industries, Inc. will be hosting a conference call at 9:00 AM eastern time on 24th August 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 877-270-2148 U.S. or 412-902-6510 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=
Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. Its products include sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, healthcare, and other contract applications, as well as hotel, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.
