Sidoti Estimates Insteel Industries' Q1 Earnings (NYSE:IIIN)

Key Points

• Sidoti sharply reduced Insteel Industries’ Q1 2027 EPS estimate to $0.11 from $0.28, while forecasting $1.87 per share for FY2027 and $2.33 for FY2028.
• Insteel’s latest quarterly EPS of $0.40 missed the $0.49 consensus estimate by $0.09, despite revenue rising 18% year over year to $209.28 million.
• Analyst sentiment remains cautious, with Insteel holding an average “Hold” rating; the stock recently traded at $28.05, and the company pays a $0.03 quarterly dividend.

Insteel Industries, Inc. (NYSE:IIIN - Free Report) - Research analysts at Sidoti reduced their Q1 2027 EPS estimates for Insteel Industries in a report issued on Friday, October 23rd. Sidoti analyst J. Romero now anticipates that the company will earn $0.11 per share 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.

Insteel Industries (NYSE:IIIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.09). The company had revenue of $209.28 million for the quarter. Insteel Industries had a net margin of 4.00% and a return on equity of 8.17%. The company's revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share.

IIIN has been the topic of several other research reports. Zacks Research downgraded Insteel Industries from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 15th. Weiss Ratings raised Insteel Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised Insteel Industries from a "sell" rating to a "hold" rating in a report on Saturday, July 18th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Insteel Industries has an average rating of "Hold".

Insteel Industries Price Performance

IIIN stock opened at $28.05 on Tuesday. The company has a 50 day simple moving average of $30.15 and a 200 day simple moving average of $31.12. The stock has a market cap of $543.05 million, a price-to-earnings ratio of 17.92, a P/E/G ratio of 0.96 and a beta of 0.54. Insteel Industries has a 1 year low of $24.35 and a 1 year high of $38.45.

Insteel Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Insteel Industries's dividend payout ratio (DPR) is presently 7.89%.

Insider Activity

In other news, COO Richard Wagner sold 1,640 shares of Insteel Industries stock in a transaction on 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. The trade was 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 the SEC website. Insiders own 6.20% of the company's stock.

Institutional Trading of Insteel Industries

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

About Insteel Industries

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.

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