Q1 Earnings Forecast for Insteel Industries Issued By Sidoti

Insteel Industries, Inc. (NYSE:IIIN) – Stock analysts at Sidoti decreased their Q1 2027 earnings per share (EPS) estimates for shares of Insteel Industries in a note issued to investors on Friday, October 23rd. Sidoti analyst J. Romero now anticipates that the company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.28. The consensus estimate for Insteel Industries’ current full-year earnings is $2.42 per share. Sidoti also issued estimates for Insteel Industries’ Q2 2027 earnings at $0.38 EPS, FY2027 earnings at $1.87 EPS and FY2028 earnings at $2.33 EPS.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen raised Insteel Industries from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research lowered Insteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Finally, Weiss Ratings upgraded Insteel Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold”.

Insteel Industries Price Performance

Shares of Insteel Industries stock opened at $28.05 on Tuesday. Insteel Industries has a one year low of $24.35 and a one year high of $38.45. The stock’s 50-day moving average is $30.15 and its 200 day moving average is $31.12. The firm has a market cap of $543.05 million, a price-to-earnings ratio of 17.92, a PEG ratio of 0.96 and a beta of 0.54.

Insteel Industries (NYSE:IIIN) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.09). The business had revenue of $209.28 million during the quarter. Insteel Industries had a return on equity of 8.17% and a net margin of 4.00%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share.

Insteel Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 11th. Insteel Industries’s payout ratio is 7.89%.

Insider Buying and Selling at Insteel Industries

In other news, COO Richard Wagner sold 1,640 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $30.31, for a total transaction of $49,708.40. Following the transaction, the chief operating officer owned 40,000 shares in the company, valued at approximately $1,212,400. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.20% of the company’s stock.

Institutional Trading of Insteel Industries

Large investors have recently made changes to their positions in the company. Group One Trading LLC bought a new stake in Insteel Industries in the 2nd quarter valued at about $37,000. GAMMA Investing LLC raised its stake in Insteel Industries by 71.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,998 shares of the company’s stock worth $60,000 after buying an additional 831 shares during the period. Legal & General Group Plc bought a new position in Insteel Industries in the second quarter worth approximately $99,000. Fifth Third Bancorp boosted its holdings in Insteel Industries by 4,272.7% in the first quarter. Fifth Third Bancorp now owns 4,329 shares of the company’s stock worth $146,000 after acquiring an additional 4,230 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Insteel Industries in the second quarter worth approximately $155,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

Insteel Industries Company Profile

Insteel Industries, Inc is a manufacturer of steel wire reinforcing products used primarily in concrete construction. The company produces welded wire reinforcement and prestressed concrete strand, which help strengthen and reinforce concrete structures.

Its products are used in a range of infrastructure, commercial, residential, and industrial applications, including roads, bridges, buildings, precast concrete products, and other construction projects. Insteel sells its products primarily through a network serving customers across the United States.

Founded in 1953 and headquartered in Mount Airy, North Carolina, Insteel operates manufacturing facilities in the United States.