NYSE:IIINBuilding
Insteel Industries (IIIN): Earnings Jump 53.3%, Net Margins Reinforce Value Bull Narratives
Insteel Industries (IIIN) delivered a 53.3% jump in earnings growth over the past year, reversing a long-term trend of 15.9% yearly declines. Net profit margins improved to 5.2% from last year’s 3.7%. The company’s PE ratio is now 18.9x, which is below both the US Building industry average of 21.8x and the peer average of 19.7x. Shares are trading at $30.32, below an estimated fair value of $35.71. Reported earnings remain high quality, putting the current balance of risks and rewards in...