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

Installed Building Products (NYSE:IBPGet Free Report) is scheduled to issue 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Installed Building Products (NYSE:IBPGet Free Report) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, topping the consensus estimate 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 net margin of 8.89% and a return on equity of 44.93%. 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 Price Performance

Shares of NYSE IBP opened at $217.15 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59. The business has a 50-day moving average of $231.63 and a 200-day moving average of $225.66. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 24.56 and a beta of 1.94. Installed Building Products has a fifty-two week low of $109.93 and a fifty-two week high of $281.04.

Analysts Set New Price Targets

IBP has been the topic of several recent analyst reports. Evercore ISI boosted their price target on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a research note on Monday, August 5th. Truist Financial boosted their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised their target price on shares of Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and a consensus price target of $254.40.

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Installed Building Products Company Profile

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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.

Further Reading

Earnings History for Installed Building Products (NYSE:IBP)

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