Installed Building Products (IBP) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Installed Building Products (NYSE:IBP) posted its quarterly earnings results on Tuesday. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.03, American Banking News.com reports. The company had revenue of $105.90 million for the quarter, compared to the consensus estimate of $100.04 million.
Installed Building Products (NYSE:IBP) opened at 12.72 on Tuesday. Installed Building Products has a one year low of $12.03 and a one year high of $15.47. The stock’s 50-day moving average is $13.55 and its 200-day moving average is $13.70. The company’s market cap is $389.2 million.
Several analysts have recently commented on the stock. Analysts at KeyCorp initiated coverage on shares of Installed Building Products in a research note on Monday, March 17th. They set a “hold” rating on the stock. On a related note, analysts at UBS AG initiated coverage on shares of Installed Building Products in a research note on Monday, March 10th. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at BPI initiated coverage on shares of Installed Building Products in a research note on Monday, March 10th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.00.
Installed Building Products, Inc is a residential insulation installer in the United States based on the Company’s internal estimates, with a national platform consisting of over 100 locations serving customers in 44 states.
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