Q1 Earnings Forecast for Insteel Industries Issued By Sidoti

Insteel Industries, Inc. (NYSE:IIIN) – Sidoti upped their Q1 2028 earnings per share (EPS) estimates for shares of Insteel Industries in a report issued on Monday, August 24th. Sidoti analyst J. Romero now forecasts that the company will post earnings of $0.37 per share for the quarter, up from their prior estimate of $0.34. The consensus estimate for Insteel Industries’ current full-year earnings is $1.59 per share. Sidoti also issued estimates for Insteel Industries’ Q2 2028 earnings at $0.65 EPS, Q3 2028 earnings at $0.89 EPS and FY2028 earnings at $2.81 EPS.

Several other research firms have also recently commented on IIIN. Wall Street Zen raised Insteel Industries from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded shares of Insteel Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Zacks Research raised Insteel Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Insteel Industries Stock Up 0.5%

Shares of NYSE IIIN opened at $30.38 on Wednesday. The company has a market capitalization of $588.16 million, a PE ratio of 16.33, a P/E/G ratio of 1.58 and a beta of 0.50. The firm has a fifty day simple moving average of $30.84 and a 200 day simple moving average of $31.15. Insteel Industries has a twelve month low of $24.35 and a twelve month high of $39.91.

Insteel Industries (NYSE:IIIN) last announced its earnings results on Thursday, July 16th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $197.66 million for the quarter. Insteel Industries had a return on equity of 9.92% and a net margin of 5.14%.During the same quarter in the previous year, the company earned $0.78 earnings per share.

Hedge Funds Weigh In On Insteel Industries

Several institutional investors have recently bought and sold shares of IIIN. Advisory Services Network LLC purchased a new position in shares of Insteel Industries during the 3rd quarter valued at $26,000. Group One Trading LLC purchased a new position in shares of Insteel Industries in the second quarter worth about $37,000. GAMMA Investing LLC raised its position in shares of Insteel Industries by 71.2% in the second quarter. GAMMA Investing LLC now owns 1,998 shares of the company’s stock valued at $60,000 after purchasing an additional 831 shares during the period. BNP Paribas Financial Markets boosted its holdings in Insteel Industries by 74.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,248 shares of the company’s stock worth $84,000 after buying an additional 958 shares during the period. Finally, Quarry LP purchased a new position in Insteel Industries in the 3rd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 83.27% of the company’s stock.

Insteel Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Insteel Industries’s payout ratio is presently 6.45%.

About Insteel Industries

Insteel Industries, Inc is a leading manufacturer of steel wire reinforcing products used in concrete construction. The company specializes in the design, fabrication and distribution of welded-wire reinforcement, cut-and-bent reinforcement and related accessories for concrete walls, floors and columns. Its products are employed across residential, commercial and infrastructure projects, providing structural strength and dimensional stability in poured concrete applications.

Key product lines include truss mats—prefabricated, ladder-like assemblies of welded wire designed for rapid placement—and custom cut-and-bent wire assemblies that meet specific engineering requirements.