Zacks: Analysts Expect Installed Building Products Inc (NYSE:IBP) Will Post Earnings of $0.87 Per Share – Riverton Roll

Equities analysts expect Installed Building Products Inc (NYSE:IBP) to announce earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Installed Building Products earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.88. Installed Building Products reported earnings of $0.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.8%. The firm is scheduled to issue its next earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Installed Building Products will report full-year earnings of $3.23 per share for the current financial year, with EPS estimates ranging from $3.21 to $3.25. For the next year, analysts expect that the business will post earnings of $3.70 per share, with EPS estimates ranging from $3.58 to $3.91. Zacks Investment Researchs EPS calculations are a mean average based on a survey of research analysts that cover Installed Building Products.

Installed Building Products (NYSE:IBP) last issued its earnings results on Friday, November 1st. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.13. The business had revenue of $396.40 million during the quarter, compared to analysts expectations of $385.46 million. Installed Building Products had a net margin of 4.47% and a return on equity of 45.94%. The businesss revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share.

A number of equities analysts recently weighed in on the stock. BTIG Research initiated coverage on shares of Installed Building Products in a report on Thursday, December 12th. They issued a buy rating and a $85.00 price objective for the company. Deutsche Bank initiated coverage on Installed Building Products in a research note on Wednesday, November 27th. They set a buy rating and a $82.00 target price on the stock. Royal Bank of Canada raised Installed Building Products from a sector perform rating to an outperform rating and lifted their target price for the stock from $73.00 to $80.00 in a report on Tuesday, December 17th. SunTrust Banks boosted their price target on Installed Building Products to $71.00 and gave the stock a hold rating in a research note on Monday, November 4th. Finally, ValuEngine raised Installed Building Products from a sell rating to a hold rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the companys stock. Installed Building Products has an average rating of Buy and an average target price of $65.57.

Shares of NYSE:IBP traded up $0.09 during trading on Friday, reaching $68.87. 111,886 shares of the stock traded hands, compared to its average volume of 215,963. The stock has a market cap of $2.06 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. The company has a debt-to-equity ratio of 2.52, a quick ratio of 2.39 and a current ratio of 2.69. The stock has a 50-day moving average of $70.70 and a two-hundred day moving average of $61.28. Installed Building Products has a 52-week low of $32.75 and a 52-week high of $76.60.

In other news, Director Vikas Verma sold 10,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $66.00, for a total transaction of $660,000.00. Following the transaction, the director now directly owns 91,935 shares of the companys stock, valued at approximately $6,067,710. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jay P. Elliott sold 20,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now directly owns 23,529 shares in the company, valued at $1,666,559.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $3,366,600. 25.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in shares of Installed Building Products by 0.8% during the 3rd quarter. Comerica Bank now owns 20,298 shares of the construction companys stock valued at $1,305,000 after buying an additional 156 shares during the period. Mason Street Advisors LLC lifted its holdings in shares of Installed Building Products by 3.2% during the 3rd quarter. Mason Street Advisors LLC now owns 7,237 shares of the construction companys stock valued at $415,000 after buying an additional 224 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Installed Building Products by 1.7% during the 3rd quarter. Texas Permanent School Fund now owns 14,506 shares of the construction companys stock valued at $832,000 after buying an additional 248 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Installed Building Products by 0.8% during the 2nd quarter. Prudential Financial Inc. now owns 34,174 shares of the construction companys stock valued at $2,024,000 after buying an additional 288 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Installed Building Products by 1.0% during the 3rd quarter. California State Teachers Retirement System now owns 35,223 shares of the construction companys stock valued at $2,020,000 after buying an additional 347 shares during the period. 68.27% of the stock is currently owned by hedge funds and other institutional investors.

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

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Zacks: Analysts Expect Installed Building Products Inc (NYSE:IBP) Will Post Earnings of $0.87 Per Share - Riverton Roll