Insteel Industries Inc (NYSE: IIIN) has reported E.P.S. of $0.36 for its second fiscal quarter (ending March 31) versus $0.26 for the same period a year ago. E.P.S. were $1.24 for the latest four quarters through March 31 versus $4.04 for the same period a year ago.
Recent Price Action
On 4/25/24, Insteel Industries Inc (NYSE: IIIN) stock suffered a large decline of -7.0%, closing at $31.73. Moreover, this decline was accompanied by exceptionally high trading volume at 239% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, IIIN is expected to continue to be an important Value Builder.
Insteel Industries has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Insteel Industries has a neutral Appreciation Score of 56 but a good Power Rating of 74, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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