Installed Building Products (IBP) to Release Quarterly Earnings on Thursday

Installed Building Products (NYSE:IBP) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Installed Building Products to post earnings of $2.87 per share and revenue of $762.95 million 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 Price Performance

Shares of IBP opened at $171.29 on Thursday. The company has a market capitalization of $4.82 billion, a P/E ratio of 19.03 and a beta of 1.99. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $186.04 and a 200 day moving average of $210.85. Installed Building Products has a twelve month low of $167.24 and a twelve month high of $281.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. DA Davidson cut their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, The Goldman Sachs Group cut their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $240.40.

About Installed Building Products

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.