Insteel Industries Inc

NYSE IIIN

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Insteel Industries Inc Price to Earnings Ratio (P/E) on June 03, 2024: 38.45

Insteel Industries Inc Price to Earnings Ratio (P/E) is 38.45 on June 03, 2024, a 404.67% change year over year. The price to earnings ratio (P/E ratio) compares the market price per share of a company's stock to its earnings per share (EPS). It is calculated by dividing the market capitalization by the net income, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's earnings. A higher P/E ratio indicates that investors are willing to pay a higher price for each unit of earnings, suggesting higher market expectations for future earnings growth.
  • Insteel Industries Inc 52-week high Price to Earnings Ratio (P/E) is 41.87 on April 23, 2024, which is 8.89% above the current Price to Earnings Ratio (P/E).
  • Insteel Industries Inc 52-week low Price to Earnings Ratio (P/E) is 7.43 on June 23, 2023, which is -80.68% below the current Price to Earnings Ratio (P/E).
  • Insteel Industries Inc average Price to Earnings Ratio (P/E) for the last 52 weeks is 22.76.
NYSE: IIIN

Insteel Industries Inc

CEO Mr. Howard Osler Woltz III
IPO Date March 17, 1992
Location United States
Headquarters 1373 Boggs Drive, Mount Airy, NC, United States, 27030
Employees 884
Sector Industrials
Industry Metal fabrication
Description

Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers prestressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. 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. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product, which is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. It sells its products through sales representatives to the manufacturers of concrete products, rebar fabricators, distributors, and contractors. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

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StockViz Staff

September 20, 2024

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