Insteel Industries (IIIN) Given News Impact Rating of 0.02
News stories about Insteel Industries (NASDAQ:IIIN) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Insteel Industries earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.6300054889856 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Head to Head Comparison: Insteel Industries (IIIN) & Encore Wire Corporation (WIRE) (americanbankingnews.com)
- Head-To-Head Review: Encore Wire Corporation (WIRE) versus Insteel Industries (IIIN) (americanbankingnews.com)
- Head to Head Analysis: Insteel Industries (IIIN) vs. Encore Wire Corporation (WIRE) (americanbankingnews.com)
- Zacks: Insteel Industries, Inc. (IIIN) Given $44.00 Consensus Price Target by Brokerages (americanbankingnews.com)
- Head-To-Head Analysis: Insteel Industries (IIIN) and Encore Wire Corporation (WIRE) (americanbankingnews.com)
Insteel Industries (NASDAQ:IIIN) traded up 1.70% on Friday, reaching $25.65. The company’s stock had a trading volume of 133,806 shares. Insteel Industries has a 52 week low of $22.50 and a 52 week high of $42.81. The firm has a 50 day moving average price of $25.27 and a 200 day moving average price of $31.15. The stock has a market capitalization of $487.99 million, a P/E ratio of 17.21 and a beta of 2.13.
Insteel Industries (NASDAQ:IIIN) last posted its earnings results on Thursday, July 20th. The industrial products company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). The business had revenue of $96.90 million for the quarter, compared to analyst estimates of $122.39 million. Insteel Industries had a net margin of 7.24% and a return on equity of 13.30%. The business’s revenue was down 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. On average, equities analysts anticipate that Insteel Industries will post $1.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. Insteel Industries’s payout ratio is 8.05%.
Several research analysts recently weighed in on the company. BidaskClub upgraded Insteel Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Longbow Research lowered Insteel Industries from a “buy” rating to a “neutral” rating in a research report on Friday, August 25th.
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About Insteel Industries
Insteel Industries, Inc is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company’s operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR).
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