Insteel Industries (NASDAQ:IIIN - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03), RTT News reports. The company had revenue of $129.70 million during the quarter, compared to analysts' expectations of $117.45 million. Insteel Industries had a return on equity of 5.63% and a net margin of 3.65%. Insteel Industries's revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS.
Insteel Industries Trading Up 3.8 %
IIIN traded up $0.94 on Thursday, hitting $25.77. 411,817 shares of the company's stock were exchanged, compared to its average volume of 149,162. Insteel Industries has a fifty-two week low of $23.60 and a fifty-two week high of $38.40. The firm has a 50-day moving average price of $28.50 and a 200-day moving average price of $30.13. The stock has a market cap of $500.77 million, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.80 and a beta of 1.14.
Insteel Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, November 29th. This represents a $0.12 annualized dividend and a yield of 0.47%. Insteel Industries's dividend payout ratio (DPR) is presently 12.12%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Insteel Industries from a "buy" rating to a "hold" rating in a report on Saturday, October 26th.
View Our Latest Report on Insteel Industries
About Insteel Industries
(
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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.
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