Installed Building Products (IBP) Set to Announce Quarterly Earnings on Thursday

Installed Building Products (NYSE:IBP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.89 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.13. The firm had revenue of $737.60 million for the quarter, compared to analysts’ expectations of $743.86 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. On average, analysts expect Installed Building Products to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Installed Building Products Stock Performance

Shares of IBP stock opened at $217.15 on Thursday. The stock has a market cap of $6.18 billion, a PE ratio of 24.56 and a beta of 1.94. The stock has a 50-day moving average of $231.63 and a 200-day moving average of $225.66. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59. Installed Building Products has a one year low of $109.93 and a one year high of $281.04.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IBP shares. Stephens reaffirmed an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. Truist Financial upped their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group increased their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI lifted their price objective on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus target price of $254.40.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.