Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Insteel Industries (NASDAQ:IIIN) Share Price

Press coverage about Insteel Industries (NASDAQ:IIIN) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Insteel Industries earned a news impact score of 0.04 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.0309058574319 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several analysts have weighed in on IIIN shares. Sidoti started coverage on Insteel Industries in a research report on Monday, December 18th. They set a “buy” rating and a $34.00 price objective on the stock. TheStreet raised Insteel Industries from a “c+” rating to a “b-” rating in a research report on Wednesday, January 17th. Finally, BidaskClub raised Insteel Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 23rd.

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Insteel Industries stock opened at $27.37 on Thursday. The company has a market cap of $516.77, a price-to-earnings ratio of 23.60 and a beta of 2.02. Insteel Industries has a fifty-two week low of $23.20 and a fifty-two week high of $36.94.

Insteel Industries (NASDAQ:IIIN) last released its earnings results on Thursday, January 18th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). Insteel Industries had a net margin of 6.67% and a return on equity of 10.13%. The business had revenue of $97.74 million for the quarter, compared to analysts’ expectations of $94.90 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Insteel Industries’s revenue for the quarter was up 4.1% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.44%.

In other news, VP James F. Petelle sold 1,237 shares of Insteel Industries stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $31.38, for a total transaction of $38,817.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by company insiders.

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About Insteel Industries

Insteel Industries, Inc, together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company markets prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). 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.

Insider Buying and Selling by Quarter for Insteel Industries (NASDAQ:IIIN)

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