Installed Building Products (IBP) Releases Quarterly Earnings Results
Installed Building Products (NYSE:IBP) released its earnings data on Tuesday. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10, Analyst Ratings Net reports.
On the ratings front, analysts at RBC Capital initiated coverage on shares of Installed Building Products in a research note on Friday, June 20th. They set a “sector perform” rating and a $14.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Installed Building Products presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Shares of Installed Building Products (NYSE:IBP) opened at 11.75 on Tuesday. Installed Building Products has a one year low of $10.82 and a one year high of $15.47. The stock has a 50-day moving average of $11.94 and a 200-day moving average of $13.11. The company’s market cap is $359.6 million.
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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