Installed Building Products (IBP) Scheduled to Post Quarterly Earnings on Thursday

Installed Building Products (NYSE:IBP) is set to release 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Installed Building Products Stock Performance

Shares of NYSE IBP traded up $11.17 during midday trading on Tuesday, reaching $232.24. The company had a trading volume of 50,564 shares, compared to its average volume of 287,779. Installed Building Products has a 1 year low of $115.25 and a 1 year high of $281.04. The business’s 50-day simple moving average is $231.10 and its 200 day simple moving average is $225.38. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24. The stock has a market cap of $6.56 billion, a P/E ratio of 24.67 and a beta of 1.95.

Wall Street Analyst Weigh In

IBP has been the subject of a number of research reports. The Goldman Sachs Group lifted their price target on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Evercore ISI lifted their target price on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada upped their target price on Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Truist Financial upped their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.