Installed Building Products (NYSE:IBP - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.91 per share and revenue of $762.95 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
Installed Building Products Price Performance
Shares of IBP stock traded down $7.35 during mid-day trading on Friday, reaching $164.24. The stock had a trading volume of 115,805 shares, compared to its average volume of 310,321. Installed Building Products has a 12-month low of $163.65 and a 12-month high of $281.04. The company has a market cap of $4.62 billion, a P/E ratio of 18.25 and a beta of 1.99. The business has a 50-day simple moving average of $185.35 and a 200 day simple moving average of $210.57. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.
Analyst Ratings Changes
IBP has been the subject of a number of research analyst reports. StockNews.com upgraded Installed Building Products from a "hold" rating to a "buy" rating in a research report on Wednesday. Royal Bank of Canada cut Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. The Goldman Sachs Group dropped their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Finally, Evercore ISI cut Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price objective for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and a consensus target price of $240.40.
Read Our Latest Stock Analysis on Installed Building Products
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.
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