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

Installed Building Products (NYSE:IBP - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Installed Building Products to post earnings of $2.89 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.13. The business had revenue of $737.60 million during 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 Trading Down 0.2 %

Shares of NYSE IBP traded down $0.41 during mid-day trading on Thursday, reaching $216.90. 190,725 shares of the company's stock were exchanged, compared to its average volume of 288,386. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 24.24 and a beta of 1.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. Installed Building Products has a 52-week low of $109.93 and a 52-week high of $281.04. The company's 50-day moving average is $231.56 and its 200-day moving average is $225.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBP. 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. The Goldman Sachs Group raised their target price on Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a report on Friday, August 2nd. StockNews.com cut Installed Building Products from a "buy" rating to a "hold" rating in a report on Wednesday. Royal Bank of Canada raised their target price on Installed Building Products from $201.00 to $203.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Finally, Evercore ISI raised their target price 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 given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.