Insteel Industries (IIIN) Scheduled to Post Quarterly Earnings on Thursday

Insteel Industries (NASDAQ:IIIN) is scheduled to be announcing its earnings results before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Insteel Industries (NASDAQ:IIIN) last released its earnings results on Thursday, July 18th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). The business had revenue of $145.80 million during the quarter, compared to the consensus estimate of $153.04 million. Insteel Industries had a net margin of 3.67% and a return on equity of 5.78%. The business’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, analysts expect Insteel Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Insteel Industries Trading Down 0.1 %

IIIN stock opened at $29.63 on Tuesday. The stock has a market capitalization of $577.04 million, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.10. The firm has a 50-day moving average price of $31.57 and a 200-day moving average price of $32.23. Insteel Industries has a 12 month low of $26.86 and a 12 month high of $39.38.

Insteel Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Friday, September 13th. Insteel Industries’s payout ratio is 9.68%.

About Insteel Industries

Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures.