$0.87 Earnings Per Share Expected for Installed Building Products Inc (NYSE:IBP) This Quarter – Trent Times

Equities analysts expect Installed Building Products Inc (NYSE:IBP) to report earnings per share (EPS) of $0.87 for the current quarter, according to Zacks. Five analysts have provided estimates for Installed Building Products earnings, with estimates ranging from $0.83 to $0.88. Installed Building Products posted earnings of $0.72 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The business is expected to report its next earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Installed Building Products will report full-year earnings of $3.22 per share for the current financial year, with EPS estimates ranging from $3.16 to $3.25. For the next fiscal year, analysts expect that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.58 to $3.91. Zacks EPS calculations are an average based on a survey of research firms that follow Installed Building Products.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Friday, November 1st. The construction company reported $0.99 EPS for the quarter, topping the Thomson Reuters consensus estimate of $0.86 by $0.13. The company had revenue of $396.40 million during the quarter, compared to analyst estimates of $385.46 million. Installed Building Products had a return on equity of 45.94% and a net margin of 4.47%. The firms revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share.

Several research analysts recently commented on IBP shares. Deutsche Bank started coverage on Installed Building Products in a research report on Wednesday, November 27th. They issued a buy rating and a $82.00 price target for the company. Zacks Investment Research upgraded Installed Building Products from a hold rating to a strong-buy rating and set a $81.00 price target for the company in a research report on Thursday, November 7th. SunTrust Banks lifted their price target on Installed Building Products to $71.00 and gave the stock a hold rating in a research report on Monday, November 4th. ValuEngine upgraded Installed Building Products from a sell rating to a hold rating in a research report on Thursday, October 17th. Finally, Nomura lifted their price target on Installed Building Products from $50.00 to $52.00 and gave the stock a neutral rating in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $58.33.

In other Installed Building Products news, COO Jay P. Elliott sold 20,000 shares of the firms stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.83, for a total value of $1,416,600.00. Following the completion of the sale, the chief operating officer now owns 23,529 shares of the companys stock, valued at $1,666,559.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Vikas Verma sold 10,000 shares of the firms stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the sale, the director now directly owns 131,935 shares of the companys stock, valued at approximately $8,179,970. The disclosure for this sale can be found here. In the last three months, insiders sold 60,000 shares of company stock valued at $3,966,600. 25.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank raised its stake in shares of Installed Building Products by 0.8% during the third quarter. Comerica Bank now owns 20,298 shares of the construction companys stock valued at $1,305,000 after acquiring an additional 156 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Installed Building Products by 3.2% during the third quarter. Mason Street Advisors LLC now owns 7,237 shares of the construction companys stock valued at $415,000 after acquiring an additional 224 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Installed Building Products by 1.7% during the third quarter. Texas Permanent School Fund now owns 14,506 shares of the construction companys stock valued at $832,000 after acquiring an additional 248 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Installed Building Products by 0.9% during the second quarter. Arizona State Retirement System now owns 32,589 shares of the construction companys stock valued at $1,930,000 after acquiring an additional 284 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Installed Building Products by 0.8% during the second quarter. Prudential Financial Inc. now owns 34,174 shares of the construction companys stock valued at $2,024,000 after acquiring an additional 288 shares in the last quarter. 68.27% of the stock is owned by institutional investors and hedge funds.

IBP traded up $0.14 on Wednesday, hitting $70.46. The company had a trading volume of 241,693 shares, compared to its average volume of 200,350. The company has a market cap of $2.15 billion, a PE ratio of 26.39, a PEG ratio of 1.46 and a beta of 1.16. Installed Building Products has a 12-month low of $30.54 and a 12-month high of $76.60. The company has a quick ratio of 2.39, a current ratio of 2.69 and a debt-to-equity ratio of 2.52. The businesss fifty day simple moving average is $68.63 and its 200 day simple moving average is $58.96.

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 continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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$0.87 Earnings Per Share Expected for Installed Building Products Inc (NYSE:IBP) This Quarter - Trent Times