Insteel Industries (IIIN) to Release Quarterly Earnings on Thursday

Insteel Industries (NASDAQ:IIIN) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Insteel Industries Trading Up 0.8 %

Shares of IIIN stock opened at $33.83 on Tuesday. The firm’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $34.55. Insteel Industries has a 1 year low of $26.86 and a 1 year high of $39.38. The firm has a market capitalization of $657.99 million, a P/E ratio of 29.42, a PEG ratio of 2.15 and a beta of 1.14.

Insteel Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.35%. Insteel Industries’s dividend payout ratio is currently 10.43%.

Insider Buying and Selling

In other news, COO Richard Wagner sold 1,715 shares of Insteel Industries stock in a transaction on Friday, March 1st. The stock was sold at an average price of $36.14, for a total value of $61,980.10. Following the transaction, the chief operating officer now owns 40,952 shares in the company, valued at approximately $1,480,005.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is currently owned by company 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 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.