Insteel Industries (IIIN) to Release Quarterly Earnings on Thursday

Insteel Industries (NASDAQ:IIIN) will be releasing its earnings data before the market opens on Thursday, July 18th. Analysts expect Insteel Industries to post earnings of $0.51 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Insteel Industries (NASDAQ:IIIN) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. The company had revenue of $127.40 million for the quarter, compared to analyst estimates of $134.89 million. Insteel Industries had a return on equity of 6.78% and a net margin of 4.24%. The company’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, analysts expect Insteel Industries to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Insteel Industries Price Performance

Shares of Insteel Industries stock opened at $30.14 on Thursday. The firm has a market cap of $587.13 million, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The stock’s 50-day moving average is $31.59 and its 200-day moving average is $34.15. Insteel Industries has a one year low of $26.86 and a one year high of $39.38.

Insteel Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. Insteel Industries’s dividend payout ratio (DPR) is 9.68%.

Insteel Industries Company Profile

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.