Installed Building Products (IBP) Projected to Post Earnings on Thursday

Installed Building Products (NYSE:IBP) 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 interested in participating in the company’s conference call can do so using this link.

Installed Building Products Stock Performance

IBP opened at $165.35 on Tuesday. Installed Building Products has a 12-month low of $162.20 and a 12-month high of $281.04. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 18.37 and a beta of 1.99. The business has a 50 day moving average of $184.10 and a 200-day moving average of $209.74. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. 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 report on Tuesday, January 14th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Finally, StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and a consensus target price of $240.40.

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.