Insteel Industries, Inc. (IIIN) Set to Announce Quarterly Earnings on Wednesday
Insteel Industries, Inc. (NASDAQ:IIIN) will issue its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.
Insteel Industries (NASDAQ:IIIN) last announced its earnings results on Thursday, July 20th. The industrial products company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.20). Insteel Industries had a net margin of 7.24% and a return on equity of 13.30%. The business had revenue of $96.90 million for the quarter, compared to the consensus estimate of $122.39 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. On average, analysts expect Insteel Industries to post $1.27 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
Shares of Insteel Industries, Inc. (NASDAQ IIIN) opened at 25.76 on Wednesday. Insteel Industries, Inc. has a 12 month low of $22.50 and a 12 month high of $42.81. The company’s 50 day moving average price is $25.11 and its 200 day moving average price is $30.15. The company has a market cap of $490.08 million, a price-to-earnings ratio of 17.29 and a beta of 2.10.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.03 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. Insteel Industries’s dividend payout ratio is currently 8.05%.
IIIN has been the topic of a number of research analyst reports. Longbow Research downgraded Insteel Industries from a “buy” rating to a “neutral” rating in a report on Friday, August 25th. BidaskClub downgraded Insteel Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
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About Insteel Industries
Insteel Industries, Inc is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company’s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).
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