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

Installed Building Products (NYSE:IBP) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.87 per share and revenue of $762.95 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Installed Building Products Stock Performance

Shares of IBP opened at $171.29 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a one year low of $167.24 and a one year high of $281.04. The company has a 50-day simple moving average of $186.04 and a two-hundred day simple moving average of $210.85. The firm has a market capitalization of $4.82 billion, a PE ratio of 19.03 and a beta of 1.99.

Analyst Upgrades and Downgrades

Several analysts have commented on IBP shares. The Goldman Sachs Group lowered their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. DA Davidson lowered their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.