Insteel Industries Inc (NYSE: IIIN) has reported E.P.S. of $0.24 for its fourth fiscal quarter (ending September 30) versus $0.29 for the same period a year ago — a decline of -17%. This performance was $-0.07 short of the consensus estimate of $0.31. E.P.S. were $0.99 for the latest four quarters through September 30 versus $1.66 for the same period a year ago — a decline of -40%.
Recent Price Action
On 10/17/24, Insteel Industries Inc (NYSE: IIIN) stock declined by -4.9%, closing at $28.05. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -4.8% during the last week.
Current PriceTarget Research Rating
IIIN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Insteel Industries has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Insteel Industries has a neutral Appreciation Score of 52 but a poor Power Rating of 25, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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