Insteel Industries (NASDAQ:IIIN) will release its earnings data before the market opens on Thursday, October 18th.

Insteel Industries (NASDAQ:IIIN) last released its quarterly earnings data on Thursday, July 19th. The industrial products company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.15. The firm had revenue of $126.69 million during the quarter, compared to the consensus estimate of $119.02 million. Insteel Industries had a net margin of 7.15% and a return on equity of 11.96%. The firm’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share.

Insteel Industries stock opened at $32.22 on Tuesday. The firm has a market capitalization of $684.79 million, a price-to-earnings ratio of 26.00 and a beta of 2.20. Insteel Industries has a 12 month low of $24.51 and a 12 month high of $43.78.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, September 13th.

A number of research firms have commented on IIIN. BidaskClub downgraded shares of Insteel Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, September 27th. Sidoti downgraded shares of Insteel Industries from a “buy” rating to a “neutral” rating in a report on Monday, July 9th.

In other Insteel Industries news, insider Scot R. Jafroodi sold 5,670 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $42.97, for a total value of $243,639.90. Following the sale, the insider now directly owns 29,438 shares in the company, valued at $1,264,950.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James F. Petelle sold 13,202 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $42.91, for a total value of $566,497.82. Following the completion of the sale, the vice president now owns 16,702 shares in the company, valued at $716,682.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,523 shares of company stock valued at $5,760,476. 5.70% of the stock is currently owned by corporate insiders.

Insteel Industries Company Profile

Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). 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.

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Earnings History for Insteel Industries (NASDAQ:IIIN)

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