Installed Building Products (IBP) to Release Earnings on Thursday

Installed Building Products (NYSE:IBP) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $2.89 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Installed Building Products Price Performance

IBP stock traded up $11.17 during mid-day trading on Tuesday, reaching $232.24. 50,564 shares of the company’s stock were exchanged, compared to its average volume of 287,779. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 24.67 and a beta of 1.95. Installed Building Products has a 12-month low of $115.25 and a 12-month high of $281.04. The stock’s 50 day moving average is $231.10 and its 200 day moving average is $225.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59.

Analyst Ratings Changes

A number of research firms recently issued reports on IBP. Royal Bank of Canada lifted their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Truist Financial lifted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Stephens restated an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. Jefferies Financial Group boosted their price objective on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Hold” and an average target price of $254.40.

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.